By Nelson Schneider - 11/14/26 at 04:22 PM CT
Hot on the heels of former CEO and co-founder, Jensen Huang, voluntarily resigning from nVidia after allegations that he was having inappropriate relationships with both a Chinese spy and an nVidia subordinate, reports are swirling that the chip maker’s former leader was up to no good in ways that didn’t involve him putting his “Huang” where it didn’t belong.
According to reporting by WCCF Tech, the microchip supply chain has been doing fine, and nVidia faced an absolute glut of supply from TSMC. However, instead of making better, cheaper graphics cards and selling them to consumers – who would have bought the ever loving sh!t out of a $500 RTX5090 with 32GB of VRAM – nVidia allegedly shoveled funding toward AI startups – and even toward the big, established players, like OpenAI – in order to stoke the current market disaster that has AI and AI-adjacent companies buying up every last GPU and RAM stick they can, cutting off access to everyday private consumers and driving up the costs for other devices that contain those same chips in the process. To make matters worse, a significant amount (roughly 200 billion dollars’ worth) of these nVidia GPUs and RAM chips that have been sucked out of the market by AI companies are, allegedly, not even in active use, but are gathering dust in warehouses, waiting for data centers to be built before they will finally see use... likely after they’re already obsolete.
Much of this information has come directly from nVidia’s current interim CEO, Colette Kress, who previously called-out Huang and urged him to pump the brakes on what was widely perceived as a “circular financing” scheme, with nVidia’s tech situated as the fulcrum of the whole endeavor. What’s truly heartbreaking about this news isn’t what the AI bubble’s popping will do to the global economy, but the fact that nVidia, a company that makes great products, didn’t have enough faith in the Free Market system to grow their stock value and marketshare organically, but chose to cheat and use dubious finance tricks to inflate a short-term economic bubble. That never turns out well for anyone – we know it, they know it, yet they chose to do it anyway.
Personally, I’m still hanging onto my nVidia stock. I still have faith in the company and its excellent products, and none of it is based on the cult of personality built up around a douchy CEO and his collection of ridiculous leather jackets. I just hope that nVidia doesn’t hire some new celebrity CEO to replace Huang – as those people are all cut from the same cloth and prone to do the same stupid, corrupt things – but instead promote from within, preferably from among the engineering staff instead of the finance or marketing staff.
