The post Nvidia’s AI deals don’t add up on deeper review appeared on BitcoinEthereumNews.com.

Nvidia is investing in a way that even seasoned investors are struggling to process, as the whole layout looks like a giant web where Nvidia sits at every point. Like, it’s the client and it’s the investor too. If we didn’t know any better, we’d say that perhaps the company is funding its own rally. Just 2 days ago, Nvidia announced partnership with Microsoft and Anthropic, where the AI chipmaker plans to put up to $10 billion into Anthropic while Microsoft adds $5 billion. Then Anthropic turns around and signs up to buy $30 billion worth of compute from Microsoft’s Azure, which runs mostly on Nvidia hardware. Nvidia has already pushed $23.7 billion into 59 deals this year alone, from January to literally this Monday. Nvidia in October said that it has $500 billion in orders, for 2025 and 2026 combined, for its AI chips. Before the AI boom, Nvidia was best-known for making chips for playing 3D video games. Nvidia said it had $4.3 billion in gaming revenue, up 30% from the year-ago period. Nvidia invests in companies that end up buying its chips with the money During all of 2024, Nvidia did 54 deals worth $22.8 billion. Nvidia also recently spent $6.6 billion on OpenAI back in October. A month later, it put $6 billion into xAI, the AI company launched by Elon Musk. Then there was the massive commitment in September, where Nvidia agreed to invest up to $100 billion in OpenAI in a deal that sent Nvidia’s stock even higher. These companies then return as Nvidia customers. OpenAI agreed to deploy “at least 10 gigawatts” of Nvidia systems for its next generation of models. That’s not subtle. It’s money out, then money back in through hardware purchases. Jay Goldberg, a Seaport analyst with a rare Sell rating…

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Filed under: News - @ November 20, 2025 8:26 am