Jensen Huang Warned of Falling Cloud Demand and Chip Surplus Before Nvidia Exit

Jensen Huang informed finance executives that large-scale cloud providers were reducing reliance on Nvidia for alternative chips. The company faced an "avalanche" of chip wafer and memory shipments it had committed to buy. Colette Kress was appointed CEO after clashing with Huang over balance sheet exposure to the AI boom. A planned $500B AI financing vehicle failed because partners found the 25% residual value support backstop too low.