AI bear slams Nvidia's GPU pitch: 'There's not scarcity other than that which is created by Jensen Huang'

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.