CoreWeave's slump has put a spotlight on how NVIDIA and AMD are funding the AI chip boom: NVIDIA is backing customers with its own balance sheet, while AMD signs gigawatt deals with no disclosed financing support. NVIDIA's revenue reached $96.22 billion, up 105.8% year on year, but its total debt rose to $38.86 billion at July 31 from $12.81 billion in April. AMD's revenue rose 50.1% to $11.54 billion, and Anthropic will deploy up to 2 gigawatts of MI450 GPUs in Helios racks. The author sees NVIDIA's risk as more visible at roughly 43x earnings, while AMD at 199x could be hurt by any Helios delay. AMD shares are up 146.89% year to date, versus 15.08% for NVIDIA.
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NVDAAMDsemiconductorsAI investment
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NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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