Comment by master_crab

“as long as it’s cash flow continues” is doing a lot of optimistic heavy lifting. The whole premise of the circular financing worry is that Nvidia sits in the middle of all the guarantees made to companies like OpenAI. If any of those companies become insolvent, Nvidia is on the hook for it.

Also Nvidia isn’t really creating money. The 500B number is third party capital that already exists (BX, Apollo, etc).