Financing loop scenario
The $500B AI-financing circuit and the condition under which Ark's dip-buy breaks AI financing platforms co-created by Nvidia capital pool toward $500B+ target borrow against GPU purchases third-party capital providers Apollo BlackRock Blackstone Brookfield Goldman KKR AI customers borrow against GPU purchases eases capex strain GPU loans Nvidia books GPU revenue ramp 56-69% YoY GPU purchases GPUs as collateral circular financing: GPU debt funds the demand behind the debt market reaction market balks circular financing concentrated exposure NVDA ~2.86% Ark buys the dip adds 122,422 shares ARKK ARKQ ARKW ARKF ARKX ramp gate financing health + capex bull case holds ramp continues, dip valid bull case breaks ramp stalls, dip premature