"The reason behind this was to maintain the perception of ongoing high demand and to move an oversupply of semiconductors from TSMC."

Huh. The circular financing was figured out a while back, but this is something I had not seen before.

This could all work out. NVidia stock drops. AI company stock drops. The more efficient approaches to inference and more open models take over for most mid-level applications. The need for insane numbers of data centers is reduced. AI works fine and costs less.