Huoxing Finance reports that on July 24, analyst Rick stated that NVIDIA is playing a role in the AI era similar to that of a "central bank." Although NVIDIA cannot issue currency or set interest rates, it is influencing the allocation of the AI industry’s most scarce resource—capital. He noted that the AI industry is gradually shifting from a traditional semiconductor supply chain to an infrastructure asset system, with capital itself becoming a critical component of the AI ecosystem. In this process, NVIDIA is driving the entire industry’s capital flywheel by securing core capacities such as GPUs, HBM, and advanced packaging, while helping customers and suppliers resolve financing challenges. Currently, the AI industry has formed a circular model: “raise capital to purchase GPUs → lease GPUs to generate cash flow → use cash flow to support new financing → continue purchasing GPUs.” This cycle is gradually endowing GPUs with infrastructure asset characteristics, enabling them to generate long-term cash flows, support collateralized financing, and even be securitized. Meanwhile, tech giants such as Microsoft, Google, Meta, and Amazon are continuously increasing their AI capital expenditures. NeoCloud enterprises are expanding through debt financing, HBM suppliers and advanced packaging manufacturers are accelerating capacity expansion, and private credit funds, infrastructure funds, and sovereign wealth funds are also entering the AI data center investment space. Analysis suggests that as AI infrastructure investment scales up, the AI industry may become one of the largest capital-absorbing sectors globally. Hundreds of billions of dollars in AI capital spending will continue to flow into areas such as GPUs, data centers, power, fiber optics, cooling systems, HBM, and advanced packaging. This trend may also reshape financial market structures: even if short-term interest rates decline, long-term financing costs may remain elevated due to strong demand for AI capital. Meanwhile, capital will further concentrate in AI companies with stable cash flows and high growth certainty, potentially increasing financing pressures on traditional industries.
Analyst: NVIDIA Becoming a 'Capital Allocator' in the AI Era, Driving the Financialization of the Industry
MarsBitShare
Summary
Altcoins to watch are drawing attention as NVIDIA continues to reshape the AI industry by acting as a "capital allocator," according to analyst Rick on July 24, 2026. He compared the company to a central bank, influencing how capital—a key resource—is allocated. Major firms such as Microsoft and Amazon are increasing AI spending, while private credit funds are investing in data centers. Fear and Greed Index data indicates rising market sentiment, consistent with increased capital flows into GPUs and infrastructure. Analysts anticipate AI becoming one of the largest global capital sinks, with billions flowing into the sector, potentially keeping financing costs elevated.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.