Nvidia isn’t faking revenue, they are intentionally inflating the AI bubble.

A lot of people are jumping on the "Nvidia is creating fake revenue through OpenAI" narrative, but that take is way too simple.

Based on a recent AI bubble stress test I did, the real issue is much more concerning: the entire AI infrastructure build-out is being funded before real, sustainable customer cashflows have been fully proven.

Nvidia isn't just handing money to a customer simply to get it back as revenue. They are making a calculated move to forcefully speed up the market. Think about it: if OpenAI grows faster, the demand for compute grows faster. That forces giants like Microsoft, Amazon, and Google to keep building more AI infrastructure to keep up, keeping immense pressure on the whole cycle.

For Nvidia, this is a highly rational investment—it forces the broader market to buy more hardware and pulls demand forward.

So, the real issue we should be talking about isn't "fake revenue." It's whether Nvidia is pumping air into a massive AI bubble long before actual, outside cashflows are strong enough to sustain it. That is exactly where the weak spots in this market are starting to show.

What happens when the music stops and the actual customer cashflows aren't there to support this massive infrastructure build-out? Is Nvidia’s strategy a genius market-making move, or are they just blowing up a tech bubble that is doomed to pop?

Curious to hear your thoughts on this.