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The (Overdue) Collapse of Nvidia's $900B Empire
On Tuesday, October 27th, 2026, Nvidia announced it would hand three billion dollars to Meta, one of the biggest buyers of its chips, by purchasing a slice of the stock Meta is selling to pay for its artificial intelligence spending. Two days earlier, Elon Musk had warned that lenders had almost entirely stopped financing the companies that rent out Nvidia’s chips, and that more than two hundred of them now faced what he called guppy-level death. So here’s the question. When the world’s chip king starts funding its own customers, is the collapse finally arriving?
