For those who have followed me long enough, you know that vendor financing has been Nvidia’s practice since the introduction of ChatGPT.
They have consistently invested in startups and hyperscalers so that these companies could buy their GPUs. Now, with the massive numbers coming in – an estimated $55B in revenue next quarter, over $60B the following quarter, and so on, Nvidia has had to step up its vendor financing.
That’s how the $100B OpenAI–Nvidia vendor financing deal came about and shocked everyone.
But in reality, it has been there from the very beginning. Nvidia has always made sure there would be demand.
For those who have followed me long enough, you know that vendor financing has been Nvidia’s practice since the introduction of ChatGPT.
They have consistently invested in startups and hyperscalers so that these companies could buy their GPUs. Now, with the massive numbers… https://t.co/eA55q7zKeV
— Kakashii (@kakashiii111) September 23, 2025
$NVDA acquired @LeptonAI in April of this year. Lepton rented out Nvidia GPUs.
— Murali Guntu (@GuanxiResearch) September 23, 2025
“OpenAI and NVIDIA today announced a letter of intent for a landmark strategic partnership to deploy at least 10 gigawatts of NVIDIA systems for OpenAI’s next-generation AI infrastructure to train and run its next generation of models on the path to deploying superintelligence. To support this deployment including datacenter and power capacity, NVIDIA intends to invest up to $100 billion in OpenAI as the new NVIDIA systems are deployed.” https://openai.com/index/openai-nvidia-systems-partnership/
"You don’t have to be a skeptic about AI technology’s promise in general to see this announcement as a troubling signal about how self-referential the entire space has become. If NVDA has to provide the capital that becomes its revenues in order to maintain growth, the whole…
— Lisa Abramowicz (@lisaabramowicz1) September 23, 2025