Ouch: “Nvidia is building the most concentrated bet on a single technology cycle that any company has ever made. If these valuations keep cl…

Ouch: “Nvidia is building the most concentrated bet on a single technology cycle that any company has ever made. If these valuations keep climbing, Jensen looks like a genius. If they don't, Nvidia is holding tens of billions in illiquid private stakes it can't sell, in companies that need Nvidia's money to keep buying Nvidia's chips.” 🦔Nvidia holds 99 billion in equity stakes in the companies that buy its chips. A year ago it was 7 billion. Today Jensen Huang declared AGI has arrived, pointing to OpenAI's Astra model trained on 100,000 Nvidia GPU clusters. OpenAI hasn't made that claim. The man selling the …

⚠️ The most important question hardly anyone is asking is whether Jensen meant 100K+ GPUs, or 100k+ NVLink72 server racks (which contain 72 …
Vivid depiction of a dark scenario for Nvidia. “Indeed, CEO Jensen Huang has been so aggressive in funding the AI ecosystem that the company…
Nvidia hasn’t budged in six months. Coreweave is down 21% Oracle is down 50% Microsoft is down 25% Like it or not, the bubble has already st…

Source: Gary Marcus (X) | 2026-09-07

Related