Industry is built on loaning cash to buy Nvidia chips

The cocaine nose jobs of Wall Street have lobbed more than $11 billion at “neocloud” outfits like CoreWeave, Crusoe and Lambda Labs, betting that a warehouse full of Nvidia chips is as good as gold.

And on that farm he had a GPU 

CoreWeave, which started as a crypto miner, has just bagged a whopping €1.02 billion ($1.1 billion) in fresh dosh from backers like Coatue, Fidelity, and Altimeter Capital as big money wants to invest in AI.