The money loop behind NVIDIA's next $700 billion
About a quarter of NVIDIA's sales next year will come from customers it finances itself. The largest of them runs out of cash in 2028 on its own projections.
Read the analysisIn this piece
Read the full analysis- 01The loop runs on borrowed money
- 02Two thirds of last quarter's sales are still unpaid
- 03NVIDIA now stands behind its customers
- 04The buyers are borrowing to buy
- 05The backlog rests on two labs that cannot yet pay for it
- 06What the share price assumes
- 07Stocks fall when growth slows
- 08It has happened to NVIDIA before
- 09What would change our mind