Circular Financing: Does Nvidia's $110B Bet Echo the Telecom Bubble?
https://tomtunguz.com/nvidia_nortel_vendor_financing_comparison/
#ycombinator #vendor_financing #Nvidia #Lucent #AI_bubble #circular_financing #GPU_backed_debt #telecom_crash #customer_concentration #cash_flow_analysis #SPV_financing #depreciation_schedules