Nvidia’s Circular Financing Storm: WSJ Reveals Huang Funded Startups to Buy Its Own GPUs as Kress Fought Back
A Wall Street Journal investigation alleges Nvidia used circular financing — funding AI startups that bought its own GPUs — to absorb excess TSMC silicon and sustain the shortage narrative. CFO Colette Kress, now interim CEO, fought to halve a $250 billion OpenAI guarantee and was mocked by Jensen Huang as “a deer in the headlights.” With the RTX 5090 at $9,400 and the claims still unproven, markets are repricing how real AI chip demand is.





