GoKawiilWSJ: Huang Told Nvidia CFO Chip Supply Was Coming Like an 'Avalanche'
According to the Wall Street Journal, Nvidia's former CEO Jensen Huang acknowledged in an August 2026 meeting that major cloud providers were shifting to in-house chips, leaving Nvidia with a surplus of prepaid TSMC wafers and memory. The report describes a clash between Huang and then-CFO Colette Kress, who pushed to scale back Nvidia's financial backstop commitments to OpenAI from roughly 8 gigawatts ($250 billion) to about 4.25 gigawatts ($125 billion). Kress has since become Nvidia's interim CEO, and Nvidia has reportedly contacted TSMC to wind down chip orders.