Before Resigning, Jensen Huang Admitted He Was Facing an "Avalanche" of Excess Wafers and Memory, New Report Sheds More Light on the GPU & RAM Crisis

According to a recent report, Nvidia's former CEO Jensen Huang admitted in August that major cloud providers are moving toward in-house chips and away from Nvidia, leaving the company facing an avalanche of excess TSMC silicon and memory. Internal clashes reportedly erupted between Huang and Chief Financial Officer Colette Kress regarding financial exposure and circular financing commitments to backstop AI companies. Industry analysts and reports indicate that significant quantities of Nvidia AI chips are currently sitting idle in warehouses due to a lack of electrical grid capacity and end-user demand. Open article →