NVIDIA accused of artificially generating demand for GPUs

Would like to know this communities analysis on https://themadking.com/article/nvidia-the-red-flags/. Summary:

1. NVIDIA's GPU demand appears inflated.
2. CoreWeave, one of NVIDIA's major clients, has ties to NVIDIA and Wall Street powerhouses.
3. Fueled by Magnetar Capital, CoreWeave has experienced rapid growth, securing successive funding rounds.
4. CoreWeave leveraged GPUs as collateral to raise debt equal to its previous valuation, amounting to $2.3 billion.
5. NVIDIA's Q2 earnings beat corresponds to the debt issued to CoreWeave.
6. Magnetar Capital was implicated in creating CDOs that triggered the 2008 financial crisis.
7. While not illegal, NVIDIA's accounting practices raise ethical questions.
8. CoreWeave has a history of offloading GPUs at a loss.

Submitted September 08, 2023 at 02:38AM by l1cache https://ift.tt/ES6vZjp