That's exactly the cable I used when I hooked up one 350w (yes I know) and one 650w PSU to a rig with one 1080 and 1080ti and it killed one of the PSU's (I forgot which), I realize - the draw was too much and that 350w does not mean 350w is maximum draw.
Useful
https://youtu.be/MPjj9EejrYg I have used it for 6x 1080 TI rigs and they have been running perfectly stable for months and months. This was done with a 1300W and a 1000W PSU. Maybe its a problem with your setup or that particular cable that you received.