Nvidia dismisses "circular financing", says every $1 it invests brings back $100

Nvidia CEO Jensen Huang defended the company's substantial investments in AI infrastructure by claiming each dollar invested generates $100 in returns, dismissing concerns about "circular financing" where the company finances its own customer growth. Nvidia has invested roughly $50 billion in AI labs and guaranteed up to $105 billion for data centers where it is the exclusive chip supplier, effectively creating demand for its own products. Despite Huang's defense, investors remain skeptical about whether AI infrastructure demand is truly independent or artificially sustained through Nvidia's financing arrangements.