Circular Financing Among Nvidia, CoreWeave, and Nebius Fuels GPU Boom

An investigation reveals that Nvidia, cloud provider CoreWeave, and AI startup Nebius have engaged in circular financing arrangements, where funds flow among the companies to inflate demand for GPUs. This practice may distort market signals and risk a bubble in AI hardware investments. The exposure raises concerns about the sustainability of the current GPU boom and its impact on the broader technology sector.

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