If they thought that, would they invest massively in the companies that own all these GPUs? They would not. They would invest in anything ELSE they could think of.
That might be the case if nvidia commonly invested in its customers - if they suddenly stopped doing that - but I don't think that was the case. On the contrary, these investments surprised because they were NOT the usual.
If they thought that, would they invest massively in the companies that own all these GPUs? They would not. They would invest in anything ELSE they could think of.