Nvidia's $750B in deals reignite circular AI financing fears

Nvidia's $750B in Deals Reignite Circular AI Fears

Nvidia has poured roughly $750 billion into AI companies over the past two years, much of which flows back to Nvidia as GPU purchases. This circular financing pattern echoes SoftBank's WeWork playbook. The article doesn't break down how much is Nvidia's own capital vs. outside money, or what counts as investment vs. purchase commitments. I'd discount the headline number until that split is clear.

Why it matters: Bloomberg surfaced Nvidia's $750B circular financing structure, drawing a direct parallel to the SoftBank-WeWork controversy. The article doesn't break down Nvidia's own capital vs. external funds, nor equity vs. purchase commitments, so it stays below 85. But the story itself...