As soon as I open my eyes, the AI stock market collapses??? Last night, Nvidia had a big event: Collaborate with Wall Street giants such as Blackstone, BlackRock, Goldman Sachs, and Apollo to establish an AI computing power financing platform with a scale of up to $500 billion. In short, it is: Customers who want to buy NVDA GPU but don't have enough money don't worry, Lao Huang can help you find the financial owner's father and borrow money to continue buying Nvda cards. As soon as the news came out, chip and optical communication concept stocks collectively plunged, the Philadelphia Semiconductor Index plunged in the late trading session, and Nvidia fell more than 3% at one point during trading. The same routine has happened many times For example, Nvda and Oracle OpenAI jointly bind left foot to step on right foot I invest in you, you invest in him, and he comes back to buy my GPU Funds circulate around the industry chain and ultimately become Nvidia's revenue. Huang Renxun's calculation is actually very shrewd In the short term, AI computing power financing platforms can provide bridge loans to second tier AI manufacturers with tight cash flow, betting that AI applications will truly explode in two to three years and these companies will be able to repay their debts with revenue. More importantly, Nvidia can also use this opportunity to support a group of 'loyal troops'. Most of these newly wealthy individuals supported by private equity funds do not have the ability to independently develop chips and can only rely on Nvidia's GPU and CUDA ecosystem for a long time. Even though giants such as Microsoft and Google have started producing their own chips, Nvidia still has a trump card in its hands (customers who must buy Nvda cards for a long time) Lao Huang is indeed a clever businessman If you want to get rich by building roads first, then when it comes to the AI track, it means buying cards first. At this time, Lao Huang's construction of this AI computing power financing platform is equivalent to repairing roads in second and third tier cities. And these customers are deeply bound and long-term cooperative customers, no matter which one starts or ends up, there will always be someone who can achieve explosive results in AI applications. Lao Huang's move is not a gamble on one company, but a bet on a pile of horses, betting that one or two of them will become future cash cows in the midst of the warlords' fragmentation. Regardless of whether AI applications can explode in the future and whether these supported companies can experience explosive growth, Nvidia still exists as a lying winner Lao Huang's move to bind the Wall Street, pension institutions, and banks behind it inevitably reminds people of the subprime mortgage crisis of that year Win, profits go to capital; Lost, the bill will be paid by the whole society.