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A recent frenzy on Wall Street has led to the creation of an $11 billion debt market for AI groups purchasing Nvidia chips. Financial Times reports that neocloud groups such as CoreWeave, Crusoe, and Lambda Labs have acquired tens of thousands of Nvidiaโs high-performance computer chips. This surge in demand is part of a broader trend in the AI industry, which has seen significant growth and investment in 2024. Nvidia's stock, identified by the ticker symbol $NVDA, soared 69% this year and has been a major beneficiary of this trend, contributing to substantial gains in market indices such as the Bloomberg 500 and Bloomberg 100.
๐๐ก๐ฒ ๐๐ง๐ญ๐๐ฅโ๐ฌ ๐๐จ๐ฐ ๐๐จ๐ง๐๐ฌ ๐๐๐ฆ๐จ๐ฏ๐๐ฅ ๐๐๐๐ฅ๐๐๐ญ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ก๐ข๐๐ญ๐ฌ #Nvidia #Intel #DowJones #AI #TechNews #Semiconductors #AI #AINews #AnalyticsInsight #AnalyticsInsightMagazine Read more ๐ https://t.co/W2ffkiYRTw https://t.co/hs1UsLSCoZ
Imagine 25% of the gains in the Bloomberg 500, a proxy for the S&P 500, and almost 40% of the gains in the Bloomberg 100, a proxy of the $ndx, have been built on this. $NVDA #NVIDIA Wall Street frenzy creates $11bn debt market for AI groups buying Nvidia chipsโฆ https://t.co/HNhBU8Cics
Wall Street Frenzy Creates $11B Debt Market For AI Groups Buying Nvidia Chips โ FT
