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NVDA's $2B 'Circular Financing' Play Is Either Genius or the Most Expensive Customer Loyalty Program Ever

NVIDIA's neo-cloud bet, Meta's homegrown silicon, and why the AI infrastructure arms race is reshaping who actually wins

NVDA drops $2B into Nebius so it can buy more NVDA chips. Meta builds its own. The AI hardware war has entered its villain arc.

Mar 11, 2026 1 min read
$NVDA $META $TSM $NKE +1