Part 7/13:
Murphy emphasizes that these financing deals are not isolated; NVIDIA, a pivotal player in the AI hardware ecosystem, is actively engaging in similar strategies. Nvidia’s leadership has been deploying its significant free cash flow—estimated between $80 billion to $120 billion annually—by acquiring minority stakes in AI startups and financing their compute infrastructure. This strategy secures Nvidia’s ecosystem dominance, effectively creating a winner-takes-most environment.