This is really obvious 'round-tripping' no? Nvidia invests in startups that are going to spend a majority of their funds on GPUs, Nvidia's revenue goes up, Nvidia's stock goes up, Nvidia makes more 'investments' in startups who use that investment to continue the cycle?
This is why the Us is pro Israel as well. They are a good customer to the military industrial complex.
Now if we could only get japan, ASEAN, S.Korea into a conflict w China over taiwan we could ramp up this model - but we’ll need to build drone factories to usurp the the cheap turkish, polish, ukrainian, and russian suppliers.
And the additional bonus is that all this has to be transacted in dollars giving our currency preeminence so we can print more of them and not suffer inflation- even tho there are more dollars chasing the same goods- its happening symmetrically around the world because everyone has to use them.
If you can achieve that without anti competitive behaviour then being a monopolist is fine. Legally anyway
Whether this circular thing counts as such behaviour - don’t know but doubt it
Looking at the valuation I don't get how they would not be round-tripping and otherwise cooking the books a lot right now (not necesarily limited to this case, but more in general).
Very strong Y2K bubble vibes.