Nvidia's Triple-Dip Chip Business Model

aakashgupta · x · 2026-07-06

An analysis of Nvidia's new "triple-charge" model. First, cloud partners buy GPUs (traditional hardware sales). Second, Nvidia takes a continuous cut of the cloud revenue generated by these chips; CFO Colette Kress calls this a "usage-tied recurring revenue stream," turning one-time invoices into annuities. The third part is the clever bit: issuing token credits to startups as an advance on their future revenue—similar to how record labels have signed artists for a century (providing studio resources upfront and recouping from future earnings).

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