Business
Nvidia’s Financial Commitments Surged in Latest Quarter
Like many other Big Tech companies, Nvidia’s future commitments are ballooning. Nvidia made new supply agreements in the second quarter, especially for expensive memory. The total value of its supply commitments rose to $279 billion from $119 billion just three months before.
The company has an additional $143 billion in future commitments for cloud service agreements, leases, equity investments, and capital expenditures.
The company has also guaranteed $109 billion in customer debt.
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