一个期权，就换了1700亿美金，英伟达找到了股价的永动机

Core Insights - The recent AI market in the US stock market has seen significant activity, with companies like Oracle and Broadcom receiving massive orders from OpenAI, leading to substantial stock price increases [1][10] - OpenAI's financial situation is precarious, having raised only $72 billion historically, and it may take until 2028 to become profitable [2][8] - NVIDIA has announced a potential investment of up to $100 billion to help OpenAI build data centers, which could significantly boost NVIDIA's revenue [5][9] Investment Dynamics - NVIDIA's investment in OpenAI is framed as a "century deal," with the potential for substantial revenue generation, but it is still only a letter of intent and not guaranteed cash flow [6][12] - The cost of building a 10GW data center is estimated between $500 billion to $600 billion, indicating that OpenAI will still need to secure additional funding beyond NVIDIA's investment [8][17] - The stock market has reacted positively to these announcements, with NVIDIA's stock rising 3.93% and adding $170 billion to its market cap, despite the lack of immediate cash flow [9][10] Market Behavior - The current trend in the AI market involves companies announcing large numbers and contracts, which leads to immediate stock price increases, often treated as cash flow by investors [11][12] - The financial arrangements between OpenAI, Oracle, and NVIDIA resemble a circular financial game, where money flows between companies without creating new value, but rather re-packaging existing financial commitments [13][14] - This strategy allows all involved companies to present favorable financial results, creating an illusion of profitability while relying on future technological advancements to sustain the model [16][17]