想象英伟达是一家建材商
想象英伟达是一家建材商。地产商(Neocloud或Hyperscalers）贷款向建材商购买建材建成房子并出租，当然mag7还用自己的经营现金流。
地产商建的房子用来租给住户（OpenAI/Anthropic等AI模型公司/应用公司）住，而应用公司交的租金也基本全部来自风投和贷款。
麦田 Rye 🇺🇦 @maitian99 @price_is_truth The herd can’t tell the difference on this issue. All they see is that NVDA is the leader of AI. If the leader reports good earnings, then AI must be doing well. That’s exactly how the herd thinks.