It also happened in the dotcom bubble, telecom companies were providing leasing/loans to their customers to purchase more networking equipment. Very similar to

It also happened in the dotcom bubble, telecom companies were providing leasing/loans to their customers to purchase more networking equipment. Very similar to the circular funding happening between Nvidia, and their customers, Nvidia funding investments in AI datacenters which get spent in Nvidia equipment, each step of the cycle has to take a cut for paying their own OpEx where the money getting back to Nvidia diminishes in each pass through the cycle.