this post was submitted on 01 Nov 2026
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This only can mean that they do not actually need more compute for the current situation, while subsidizing their prices hard on top of that fact. If compute were scarce, prices would hold up or rise at least with the inflation rate. Compare this to the amount of datacenters being built, see the discrepancy, realize that at least 200 billion dollars worth of GPUs are just sitting in warehouses doing nothing outside of losing value, and realize that this bubble will crash harder than any of the previous ones. The Dot-Com crash will look like peanuts compared to this.
Edit: This also means the NeoClouds like CoreWeave are doomed. They have no way to pay back the debt they have taken on if noone is interested in renting compute. (I would even go as far as to say that they are doomed either way. I have the hypothesis that this is intended - when CoreWeave goes inevitably bankrupt, NVidia will snag up as much as possible of their own inventory back for a discount, so they can sell it off a second time.)