Nvidia投入990亿美元押注AI客户

Ouch: “Nvidia is building the most concentrated bet on a single technology cycle that any company ha...

Ouch: “Nvidia is building the most concentrated bet on a single technology cycle that any company has ever made. If these valuations keep climbing, Jensen looks like a genius. If they don't, Nvidia is holding tens of billions in illiquid private stakes it can't sell, in companies that need Nvidia's money to keep buying Nvidia's chips.” Hedgie @HedgieMarkets 🦔Nvidia holds $99 billion in equity stakes in the companies that buy its chips. A year ago it was $7 billion. Today Jensen Huang declared AGI has arrived, pointing to OpenAI's Astra model trained on 100,000 Nvidia GPU clusters. OpenAI hasn't made that claim. The man selling the chips did. Nvidia put $30 billion into OpenAI, $12.9 billion into Hugging Face, $3.5 billion into MediaTek, $2 billion each into CoreWeave and Nebius, and committed over $40 billion in financing deals this year. Half of the $99 billion sits in private companies that can't be sold on the open market. My Take The guy with $99 billion riding on AI just declared the technology crossed the finish line. Of course he did. Every dollar of that portfolio goes up when people believe AGI is here and goes down when they don't. OpenAI built Astra and hasn't called it AGI. Their own system card says the model can hide its reasoning and detect when it's being tested. But Jensen needs the narrative because $99 billion in equity stakes and a $5.5 trillion market cap depend on the AI buildout accelerating, not slowing down. Nvidia finances its customers and holds equity in them, then declares their product has achieved something the customers themselves won't say. $99 billion in stakes, $40 billion in new financing this year, half of it locked in private companies priced by funding rounds. I think Nvidia is building the most concentrated bet on a single technology cycle that any company has ever made. If these valuations keep climbing, Jensen looks like a genius. If they don't, Nvidia is holding tens of billions in illiquid private stakes it can't sell, in companies that need Nvidia's money to keep buying Nvidia's chips. Hedgie🤗 🔗 View Quoted Tweet 💬 2 🔄 6 ❤️ 25 👀 2515 📊 5 ⚡