Nvidia and BlackRock's GPU Securitization Criticized as a $500B Irrational Mania
TiernanRayTech · x · 2026-08-12
Tech author Tiernan Ray criticized Nvidia's partnership with BlackRock to securitize GPU compute, calling it a mindless arms race.
The article argues that AGI is not just around the corner, and the market would be better off if chip deployments proceeded at a pace where they can actually pay for themselves, rather than being driven by financial mania. The author hopes this $500 billion speculative vehicle meets the same fate as SoftBank's faded "Stargate" project.
Related event: Nvidia's Compute Securitization Plan Slammed by Michael Burry and Critics(2 posts)→
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