Circular financing from NVIDIA is selling more cards than can be installed. The business press is absolutely supine on this, but it’s likely there are qute a few purchased GPUs sitting in warehouses.

https://infrathesis.substack.com/p/gpu-bought-cant-build-data-center-bottleneck

Edit: “What do you mean people aren’t finding a lot of gold? Don´t you see how many pans have been sold?!”