Quite the contrary! They effectively sell their cards at a ~20% discount to a bunch of AI companies by “investing” in the companies for a promise to use that money to buy their cards.
It’s as dumb as it sounds and textbook unsustainable economic bubble behavior, but NVidia don’t care because more sales = more stonks = more money to “invest” = more sales = more stonks = more yachts for Jensen. So what if it makes 1929 look like a walk in the park, it’s not their problem.




One thing people who don’t build products tend to imagine is that PMs are constantly doing market research, data analysis, focus groups, etc.
That may be true at some companies, but IME they can be clueless beyond belief because their real job is to be salespeople. They sell dreams to executives. Whether those will actually sell is a much lower concern.
See also: AI being shoved down everyone’s throats.