The traditional view of NVIDIA that prevailed was that the firm was the world’s most dominant supplier of AI chips. While that still holds true, over the past eighteen months, the firm has simultaneously pursued the path of a venture investor, a loan guarantor, and a customer-financing arm for the very companies that buy its hardware. The role NVIDIA now plays as a chip vendor and a chip financer is what is driving the already expanding AI bubble. By making credit access easi