Nvidia (NVDA) Stock: The $35 Billion Deal That Has Everyone Asking Questions
TLDR
- Anthropic signed a $35 billion cloud deal with Lambda, both backed by Nvidia, using an Nvidia-leased data center filled with Nvidia hardware
- Nvidia executives reject the “circular financing” label but offer little transparency on financial terms
- NVDA stock opened at $220.60 and was down 1.1% in premarket trading Tuesday
- Nvidia recently posted Q2 revenue of $96.22 billion, up 105.9% year-over-year, beating estimates
- Institutional investors continue to pile in, with State Street, Geode Capital, and Norges Bank among recent buyers
Nvidia’s latest deal is raising eyebrows, and it’s easy to see why.
Anthropic has signed a $35 billion cloud-computing agreement with Lambda, a cloud provider backed by Nvidia. The data center behind the deal is leased by Nvidia itself, secured from infrastructure firm Hut 8. And of course, the hardware filling that data center? Nvidia’s own chips.
Nvidia is also an investor in Anthropic. So an Nvidia-backed AI company is buying cloud capacity from an Nvidia-backed provider, in an Nvidia-leased facility packed with Nvidia silicon.
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