Nvidia expects a quarter of its business from labs it funds
Finance chief Colette Kress gave the figure on the 26 August earnings call. Nvidia has already invested close to 50 billion dollars in these labs. Kress rejected the 'circular financing' label, arguing outside lenders judge each deal independently.
Why it mattersThe worry is not that the deals are fake; it is the sequence. If a lab spends Nvidia-raised money on Nvidia chips, revenue arrives before the lab proves itself.
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