AI bear slams Nvidia's GPU pitch: 'There's not scarcity other than that which is created by Jensen Huang'

What happened: Ed Zitron, CEO of EZPR and a critic of the AI spending boom, said on Yahoo Finance's The 8:30 that Nvidia (NVDA) is creating the scarcity it sells against, calling the practice "channel stuffing." Key numbers: Five companies accounted for about 70% of Nvidia's accounts receivable in the first half of the year. Why it matters: Zitron argued GPU sales are what keep the market alive and that a bailout would not prevent a crash. He said OpenAI and Anthropic have become "load-bearing" for Microsoft, Alphabet, Amazon, CoreWeave and Nebius. Market: -0.9% today ($248.00), +9.5% YTD, 0.7x vol — as of 23:45 UTC

Ed Zitron, CEO of EZPR and a critic of the AI spending boom, said on Yahoo Finance's The 8:30 that Nvidia (NVDA) is creating the scarcity it sells against, calling the practice "channel stuffing."

Zitron argued GPU sales are what keep the market alive and that a bailout would not prevent a crash. He said OpenAI and Anthropic have become "load-bearing" for Microsoft, Alphabet, Amazon, CoreWeave and Nebius. Market: -0.9% today ($248.00), +9.5% YTD, 0.7x vol — as of 23:45 UTC