Ed Zitron, CEO of PR firm EZPR and a critic of the AI spending boom, says Nvidia (NVDA) is creating the scarcity it sells against. He pointed to a concentrated customer base, with five companies accounting for about 70% of Nvidia's accounts receivable in the first half, and accused Jensen Huang of channel stuffing by pushing GPUs into the channel. He questioned what more data centers deliver, citing a Bloomberg report that Microsoft (MSFT) has about 2 gigawatts of AI compute online out of 12 gigawatts reported. He said OpenAI and Anthropic have become 'load-bearing' for several large companies and, asked what should happen if they falter, replied 'Let them die.' He argued that a rescue would not hold up the market, since it depends on GPU sales continuing to rise at higher prices.
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NVDAartificial intelligencedata centerssemiconductorsAI investment
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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