Nvidia, CoreWeave and Nebius: the circular financing behind the GPU boom

Nvidia sells GPUs to cloud firms like CoreWeave and Nebius, which then raise financing – partly backed by the value of those same chips – to buy more GPUs from Nvidia. Analysis highlights the circular nature of this arrangement, where rising valuations are driven by demand created by the same hardware supplier. The model raises questions about sustainability and hidden risk in the AI infrastructure ecosystem.

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💻 Technology NVIDIA cools data center hardware with 45°C water — hotter than a hot tub Engadget · 6d ago 💻 Technology The network transport layer emerges as the backbone of AI infrastructure TechRadar · 2d ago 💻 Technology AMD challenges Nvidia beyond GPUs — rivalry heats up in server CPU market MarketWatch · 3d ago