Startups are using Nvidia's AI GPUs as collateral in deals with banks to borrow billions of dollars to grow their businesses.
Fluidstack, a London-based cloud startup, secured over $10 billion by leveraging their supply of Nvidia AI GPUs.
Companies like CoreWeave have also used Nvidia AI GPUs as collateral to secure loans worth billions of dollars.
Despite the rapid depreciation of tech, financial institutions seem confident in the value of these GPUs, raising questions about their future market impact.