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Wall Street frenzy creates $11B debt market for AI groups buying Nvidia chips (www.ft.com)
5 points by bookofjoe 2 hours ago | hide | past | web | 2 comments | favorite





> “It’s a good thing from a lender’s perspective,” said one of the bankers on the debt deals. “They have control the whole way up the supply chain. That’s a good thing as Nvidia won’t let things get too bad.”

So Nvidia produces the chips, invests heavily in “preferred partners” that buy their top line chips in bulk, and promises that those preferred partners don’t get any special treatment, yeah right.

This whole thing reads like the first act of a Michael Lewis book.





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