alt Hacker NewsNvidia deliberately kept GPU prices high through circular financing deals
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They did what car companies do.
They finance the selling of their inventory.
Looks like this claim was coming from Ed Zitron
https://respawnfirst.com/multiple-reports-say-nvidia-manufac...
This is just feels really misleading. Nvidia invested in startups that would turn around and help the market of companies that would buy from them grow.
That's not "deliberately keeping GPU prices high" and it's really weird to frame it this way.
It is good that Nvidia focused on supporting startups!
I don't have a WSJ subscription, but was there actually anything weird about the deals? I mean it seems pretty normal.
I love to see when capitalism works great and free market is efficient.
As if we didn’t suspect this. Same with RAM makers not upping production.
It’s like the oil companies whining and fleecing us too.
What’s the move though?
all the pitch forks are coming out all at the same time, what a coincidence.
People are acting like vendors extending financing to their customers is somehow irregular or illegal.
It’s not. It happens ALL THE TIME. This isn’t “circular financing” which is a great meme term but is not factual.
Jensen Huang made mistakes that gave opportunities to his enemies. But the bigger mistake was his incredible greed, he should have been a happy supplier of an extremely valuable product, and accept competition and that his quasi-monopoly was only transient. But he wanted the entire cake for himself.
Greed and hubris. I think the turbulences will be painful to some, especially those who counted on Nvidia stock to finance their retirement.
But, big picture, this is good news.