A new report has raised questions about whether NVIDIA helped keep GPU prices high by financing AI companies that purchased its chips, potentially allowing the semiconductor giant to clear excess inventory while artificially inflating demand. The allegations come amid mounting scrutiny of the semiconductor giant following the abrupt ouster of longtime NVIDIA CEO Jensen Huang.
Huang's 33-year tenure at the company he co-founded came to an abrupt end on November 12, following revelations about multiple extramarital affairs, including one with a woman suspected by U.S. authorities of working for Chinese intelligence and helping circumvent the ban on top-end chip sales to China. NVIDIA appointed longtime CFO Colette Kress as interim CEO while its board searches for a permanent successor. Previously little-known details about Huang's leadership and business practices have begun emerging in the aftermath.
The recent resignation of former Nvidia CEO Jensen Huang is likely to have one of the biggest impacts on both the tech and gaming industries.
In the latest example of that trend, a November 13 investigation by The Wall Street Journal revealed that NVIDIA had explored providing billions of dollars in financial guarantees to startups that otherwise could not afford its chips....
