Ask HN: Where Are Nvidia's GPUs?

3 points

6 months ago

There's been a debate this weekend on fintwit about how the projection of Nvidia's shipped GPUs this year is way more than the power capacity and the speed of datacenter construction.

Most people think of 2 possible explanations: a) Nvidia is lying (mostly fintwit), or b) China bought a significant chunk of Nvidia Blackwell GPUs, either black market or by some kind of proxy (mostly tech bros).

OG post with analysis: https://xcancel.com/kakashiii111/status/1997642056156463411

Even Michael Burry jumped into the discussion and requested pics of the warehouses holding the GPUs: "Calling for pics and proof of Nvidia GPUs being warehoused in mass quantities [...]" https://xcancel.com/michaeljburry/status/1997752436589818353

GNX earlier documental on the Chinese black market for Nvidia GPUs (but mostly consumer RTX) https://www.youtube.com/watch?v=1H3xQaf7BFI (August 2025)

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