Nvidia just took a $1 billion stake in Nokia—and Nokia plans to spend that money buying Nvidia’s own AI chips. It’s not the first time. Nvidia’s done similar deals with OpenAI, CoreWeave, and xAI, fueling record demand for its GPUs. But is this smart strategy—or circular financing? Some call it vendor financing, others say it’s round-tripping—a tactic that helped inflate the dot-com bubble two decades ago.
Lance Roberts & Michael Lebowitz unpack how the AI industry may be funding itself, why that’s raising eyebrows, and what investors should watch for as the hype builds.
0:19 - Are Tariffs a Tax?
4:03 - Buy-the-Dip'er's Continue their March
8:40 - Michael's Fed re-cap - Stealth QE?
14:08 - Where is All the Liquidity Going?
17:45 - What Will Trigger QE?
19:16 - The Fed's QE Trap
21:13 - Stress in the REPO Market
24:15 - Market Froth & Valuations - the Mag-7
28:57 - Where the Debt is Piling Up in Anticipation of AI Build
33:32 - Nvidia's Infinite Money Loop
37:32 - What If Projections & Expectations Are Not Realized?
42:55 - Looking at CAPE (as Nvidia is 8% of Market)
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA
Produced by Brent Clanton, Executive Producer
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Watch Today's Full Video on our YouTube Channel:
https://www.youtube.com/watch?v=PBMx8sckBhk&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s
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Articles Mentioned in Today's Show:
"Nvidia Deals: Round Tripping Or Vendor Financing?"
https://realinvestmentadvice.com/resources/blog/nvidia-deals-round-tripping-or-vendor-financing/
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The latest installment of our new feature, Before the Bell, "Buy-the-Dip Isn't Dead Yet" is here:
https://www.youtube.com/watch?v=UU_zCk3hYhs&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
-------
Our Previous Show, "6 Moves You Should Make Now Before RMDs Start," is here:
https://www.youtube.com/watch?v=G0B99SnHJ4U&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=24s
-------
Get more info & commentary:
https://realinvestm entadvice.com/newsletter/
--------
SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow
--------
Visit our Site: https://www.realinvestmentadvice.com
Contact Us: 1-855-RIA-PLAN
--------
Subscribe to SimpleVisor:
https://www.simplevisor.com/register-new
--------
Connect with us on social:
https://twitter.com/RealInvAdvice
https://twitter.com/LanceRoberts
https://www.facebook.com/RealInvestmentAdvice/
https://www.linkedin.com/in/realinvestmentadvice/
#BuyTheDip #SP500 #MarketBreadth #Investing #PremarketUpdate #Nvidia #ArtificialIntelligence #StockMarket #TechInvesting #FinancialEngineering
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Nvidia just took a $1 billion stake in Nokia—and Nokia plans to spend that money buying Nvidia’s own AI chips. It’s not the first time. Nvidia’s done similar deals with OpenAI, CoreWeave, and xAI, fueling record demand for its GPUs. But is this smart strategy—or circular financing? Some call it vendor financing, others say it’s round-tripping—a tactic that helped inflate the dot-com bubble two decades ago.
Lance Roberts & Michael Lebowitz unpack how the AI industry may be funding itself, why that’s raising eyebrows, and what investors should watch for as the hype builds.
0:19 - Are Tariffs a Tax?
4:03 - Buy-the-Dip'er's Continue their March
8:40 - Michael's Fed re-cap - Stealth QE?
14:08 - Where is All the Liquidity Going?
17:45 - What Will Trigger QE?
19:16 - The Fed's QE Trap
21:13 - Stress in the REPO Market
24:15 - Market Froth & Valuations - the Mag-7
28:57 - Where the Debt is Piling Up in Anticipation of AI Build
33:32 - Nvidia's Infinite Money Loop
37:32 - What If Projections & Expectations Are Not Realized?
42:55 - Looking at CAPE (as Nvidia is 8% of Market)
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA
Produced by Brent Clanton, Executive Producer
-------
Watch Today's Full Video on our YouTube Channel:
https://www.youtube.com/watch?v=PBMx8sckBhk&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s
-------
Articles Mentioned in Today's Show:
"Nvidia Deals: Round Tripping Or Vendor Financing?"
https://realinvestmentadvice.com/resources/blog/nvidia-deals-round-tripping-or-vendor-financing/
--------
The latest installment of our new feature, Before the Bell, "Buy-the-Dip Isn't Dead Yet" is here:
https://www.youtube.com/watch?v=UU_zCk3hYhs&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
-------
Our Previous Show, "6 Moves You Should Make Now Before RMDs Start," is here:
https://www.youtube.com/watch?v=G0B99SnHJ4U&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=24s
-------
Get more info & commentary:
https://realinvestm entadvice.com/newsletter/
--------
SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow
--------
Visit our Site: https://www.realinvestmentadvice.com
Contact Us: 1-855-RIA-PLAN
--------
Subscribe to SimpleVisor:
https://www.simplevisor.com/register-new
--------
Connect with us on social:
https://twitter.com/RealInvAdvice
https://twitter.com/LanceRoberts
https://www.facebook.com/RealInvestmentAdvice/
https://www.linkedin.com/in/realinvestmentadvice/
#BuyTheDip #SP500 #MarketBreadth #Investing #PremarketUpdate #Nvidia #ArtificialIntelligence #StockMarket #TechInvesting #FinancialEngineering
10-23-25 Dollar Debasement - Reality Or Dangerous Narrative
The Real Investment Show (Full Show)
56 minutes 8 seconds
2 weeks ago
10-23-25 Dollar Debasement - Reality Or Dangerous Narrative
Gold’s rally has investors shouting “dollar debasement!” — but is the narrative real, or just a speculative illusion?
Lance Roberts & Michael Lebowitz break down the popular debasement argument and expose the facts behind the gold surge. From money supply trends to Fed policy and global confidence in the U.S. dollar, we separate the data from the hype.
0:19 - Stresses Emerging in Lower End of Economy
4:45 - The Oil Price Pop
6:35 -Good News - Bads News on Wall Street
10:38 -CPI Preview Despite Government Furlough
15:32 - Bond Market Expectations for Economic Growth
17:58 - The Challenge of Managing Money for the Future
20:11 - Wall Street is Selling 5x Leverage
24:47 - Liquidity is Showing Signs of Drying Up
26:42 - Debasement is Not a Room in Your House
29:42 - Where Does Money Come From?
30:45 - The Rise in Money Supply M-2
34:46 - The Loss of Confidence in the Dollar
40:00 - Central Banks are Hoarding Gold Reserves
46:21 - People Find Bubbles in Everything
48:15 - YouTube Chat - Banks Are Dumping Treasuries( ?)
49:28 - Is the Dollar Set to Strengthen?
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA
Produced by Brent Clanton, Executive Producer
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Articles Mentioned in Today's Show:
"Dollar Debasement: Reality Or A Dangerous Narrative?"
https://realinvestmentadvice.com/resources/blog/dollar-debasement-reality-or-a-dangerous-narrative/
--------
Watch Today's Full Video on our YouTube Channel:
https://www.youtube.com/watch?v=6HNCz8Ogzxc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1
-------
The latest installment of our new feature, Before the Bell, "Russia Sanctions Ignite Oil Rally," is here:
https://www.youtube.com/watch?v=N7DyLmRRWoQ&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
-------
Our Previous Show, "Teaching Kids About Money: Lessons From Investing’s Biggest Mistakes," is here:
https://www.youtube.com/watch?v=cXyQMURvV40&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=2
-------
Get more info & commentary:
https://realinvestm entadvice.com/newsletter/
--------
SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow
--------
Visit our Site: https://www.realinvestmentadvice.com
Contact Us: 1-855-RIA-PLAN
--------
Subscribe to SimpleVisor:
https://www.simplevisor.com/register-new
--------
Connect with us on social:
https://twitter.com/RealInvAdvice
https://twitter.com/LanceRoberts
https://www.facebook.com/RealInvestmentAdvice/
https://www.linkedin.com/in/realinvestmentadvice/
#OilRally #EnergyStocks #RussiaSanctions #MarketUpdate #PreMarket #DollarDebasement #GoldInvesting #MarketAnalysis #RealInvestmentAdvice
The Real Investment Show (Full Show)
Nvidia just took a $1 billion stake in Nokia—and Nokia plans to spend that money buying Nvidia’s own AI chips. It’s not the first time. Nvidia’s done similar deals with OpenAI, CoreWeave, and xAI, fueling record demand for its GPUs. But is this smart strategy—or circular financing? Some call it vendor financing, others say it’s round-tripping—a tactic that helped inflate the dot-com bubble two decades ago.
Lance Roberts & Michael Lebowitz unpack how the AI industry may be funding itself, why that’s raising eyebrows, and what investors should watch for as the hype builds.
0:19 - Are Tariffs a Tax?
4:03 - Buy-the-Dip'er's Continue their March
8:40 - Michael's Fed re-cap - Stealth QE?
14:08 - Where is All the Liquidity Going?
17:45 - What Will Trigger QE?
19:16 - The Fed's QE Trap
21:13 - Stress in the REPO Market
24:15 - Market Froth & Valuations - the Mag-7
28:57 - Where the Debt is Piling Up in Anticipation of AI Build
33:32 - Nvidia's Infinite Money Loop
37:32 - What If Projections & Expectations Are Not Realized?
42:55 - Looking at CAPE (as Nvidia is 8% of Market)
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA
Produced by Brent Clanton, Executive Producer
-------
Watch Today's Full Video on our YouTube Channel:
https://www.youtube.com/watch?v=PBMx8sckBhk&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s
-------
Articles Mentioned in Today's Show:
"Nvidia Deals: Round Tripping Or Vendor Financing?"
https://realinvestmentadvice.com/resources/blog/nvidia-deals-round-tripping-or-vendor-financing/
--------
The latest installment of our new feature, Before the Bell, "Buy-the-Dip Isn't Dead Yet" is here:
https://www.youtube.com/watch?v=UU_zCk3hYhs&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
-------
Our Previous Show, "6 Moves You Should Make Now Before RMDs Start," is here:
https://www.youtube.com/watch?v=G0B99SnHJ4U&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=24s
-------
Get more info & commentary:
https://realinvestm entadvice.com/newsletter/
--------
SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow
--------
Visit our Site: https://www.realinvestmentadvice.com
Contact Us: 1-855-RIA-PLAN
--------
Subscribe to SimpleVisor:
https://www.simplevisor.com/register-new
--------
Connect with us on social:
https://twitter.com/RealInvAdvice
https://twitter.com/LanceRoberts
https://www.facebook.com/RealInvestmentAdvice/
https://www.linkedin.com/in/realinvestmentadvice/
#BuyTheDip #SP500 #MarketBreadth #Investing #PremarketUpdate #Nvidia #ArtificialIntelligence #StockMarket #TechInvesting #FinancialEngineering
