Bindu Reddy: Nvidia's 80% margin unsustainable as Neocloud financing props up its own demand
bindureddy · x · 2026-11-15
Founder Bindu Reddy argues Nvidia's 80% chip margins are unsustainable: its biggest customers are all building their own chips, and by financing new Neoclouds that buy its GPUs, Nvidia was effectively propping up its own demand. He calls this bad for the system, markets and end consumers — billions injected to keep Nvidia's prices and token costs high.
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