Nvidia’s meteoric rise to a $2.8T market cap stirs echoes of dot-com ’round-trip trading,’ raising questions on revenue inflation.

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Nvidia’s recent financial performance, exceeding expectations and raising guidance, has raised eyebrows due to its resemblance to revenue inflation tactics seen during the dot-com bubble.

  • Company A buys GPUs from Nvidia.
  • Nvidia buys cloud computing credits from Company A.
  • Both companies report these transactions as revenue.

Commitments to cloud computing services have surged, doubling to nearly $9 billion, involving companies like CoreWeave, Amazon, Microsoft, Google, and Oracle.

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