By Toby Bochan
Publication Date: 2026-10-24 17:15:00
Ed Zitron, CEO of public relations firm EZPR and well-known critic of the AI spending boom, says Nvidia (NVDA) is creating the scarcity it sells against.
Zitron pointed to how concentrated Nvidia’s customer base is, saying that five companies accounted for about 70% of Nvidia’s accounts receivable in the first half of the year, a risk factor that “Big Short” investor Steve Eisman also recently noted.
“Jensen Huang is channel stuffing. It’s obvious,” Zitron said on Yahoo Finance’s The 8:30 on Friday (video above). “He’s forcing GPUs down the channel saying, you have to buy these now, or they won’t be available in a few months. I think that’s morally reprehensible.”
“It’s driving up the price of every imaginable consumer electronics. It’s making everyone’s life worse so that Jensen Huang’s life can be better and so that whoever owns Nvidia stock can feel slightly better.”
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Asked whether Huang’s pitch is simply a demand signal, given years-long lead times in semiconductors, Zitron said, “How is there scarcity of a product that they have too many of? There’s not scarcity other than that which is created by Jensen Huang.”
Read more: Nvidia CEO Jensen Huang: ‘We have to accelerate AI safety’
Zitron also questioned what the data center build-out…
