Jensen Huang sat at his sleek, polished desk, surrounded by walls of glass that offered a panoramic view of Silicon Valley's sprawling tech haven. The glow from the monitor before him cast sharp shadows under his furrowed brow, the weight of his thoughts pressing against him. For the first time in years, the power that once radiated from him now felt fragile. His fingers drummed nervously on the desk, a subtle sign of the storm brewing inside.
The market cap of NVIDIA had hit an all-time high of $1.5 trillion. On paper, it should have been a moment of triumph. But in Jensen's mind, this was no celebration—it was a disaster in the making. Two financial giants—Blackwell Investments and BlackRock—had entered a deadly arms race for NVIDIA's shares. The volume of stock they were purchasing was sending the price spiraling upward at an unsustainable pace. The market was bubbling, and Jensen knew from experience: bubbles always burst.
