Nvidia's AI moat is shifting from chips to capital
- 11 minutes ago
- 1 min read
CNBC — For Nvidia, the strategy involves fueling the AI boom by whatever means necessary, recognizing that demand for critical infrastructure is seemingly insatiable but that a handful of companies — the hyperscalers — account for an outsized amount of purchases.
With its quarterly free cash flow up 18-fold over the past three years to $48.5 billion in the latest period, Nvidia is using the strength of its balance sheet and credit rating to ensure there's no dramatic slowdown following 12 straight quarters of revenue growth above 55%.
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