
链研社|Sep 23, 2025 04:21
OpenAI gave Oracle $100 billion, Oracle gave Nvidia $100 billion, and then Nvidia gave it back to OpenAI. The AI flywheel model started spinning, and the U.S. stock market hit new highs again.
AI companies (OpenAI) need powerful computing resources to train models.
Cloud computing companies (Oracle) provide computing services and generate revenue.
Chip companies (Nvidia) produce GPUs and sell them to cloud computing companies.
The demand from AI companies (OpenAI) drives the entire chain, making chip companies' products incredibly valuable.
A $10 billion internal cycle boosted the valuation of these three companies by nearly $1 trillion. Now tell me, is this deal worth it or not?
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