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# Nvidia's Ecosystem of Dependencies Faces Unraveling
- URL: https://adjacent.media/signals/nvidias-ecosystem-of-dependencies-faces-unraveling/
- Published: 2026-11-13T11:14:50.000Z
- Updated: 2026-11-13T11:14:50.000Z
- Description: Jensen Huang built Nvidia’s dominance through superior chips and by strategically funneling profits into startups, suppliers, and customers—creating financial dependencies that locked in demand and loyalty.
- Author: Jonathan Greene
- Tags: #signal, theme-brand, talent and strategy, organizational structure, market positioning

Source: [Financial Times](https://www.ft.com/content/dd9072bd-e8a3-4f8e-9985-550aa80a2fd4?ref=adjacent.media) (paywall)

Jensen Huang built Nvidia's dominance through superior chips and by strategically funneling profits into startups, suppliers, and customers—creating financial dependencies that locked in demand and loyalty. As Nvidia's growth decelerates and competitors gain ground, these dependent companies will need to diversify funding sources and technology partnerships. This forces a test of how much of the AI boom was genuine innovation versus Nvidia tax. The risk extends beyond Nvidia's valuation to founders and investors who structured entire business models around permanently unshakeable margins and market position.