Second order effects are that everyone serviced by AI today will need even more AI tomorrow. Nvidia is there for that. They're increasing AI proliferation.
By increasing the number of engineers, dollars, watts spent on GPU, Nvidia grows its market.
The added benefit here is that Nvidia gets to share in the upside if any of these companies succeed in their goals.
It's as if Microsoft had Azure back before the doctom boom and took investments in Google, Amazon, and Facebook in exchange for hosting them. (And maybe a few misfires, like WebVan.)
This is really smart chess play.
- "Our coin hit $100M daily volume, get on this rocketship before it's too late!"
- "Our exchange does $1B annually, so you know we're trustworthy!"
- "Hey investors, look at the massive demand for our GPUs (driven by the company we invested $100B)!"
Its generating the facade of activity, the same.
You are right theres no public ledger for the wash trading, but the fact that the underlying real physical asset is NVIDIAs product, lends the same intentional activity: to leverage apparent markeet activity to inflate the value of assets.
