Nvidia is pursuing a new round of AI infrastructure deals that could total more than $750 billion, according to reporting from Bloomberg, with The West Australian placing the figure at around $1 trillion. Both accounts describe a surge in large-scale investment commitments tied to AI hardware and related infrastructure. The reports say some investors and analysts view the pace and size of these deals as potentially inflating industry demand and valuations beyond what would occur through purely organic spending. The concern is often framed as “circular financing,” where investment flows may partially depend on related financing and revenue expectations rather than end-user demand alone. While the sources agree on the broad issue—major AI dealmaking and skepticism about its impact on valuations—they do not provide definitive evidence that circular financing is occurring. The reporting focuses on the scale of the commitments and the debate among market participants over whether the investments reflect underlying demand for AI infrastructure or create a feedback loop across the sector. The reports indicate the deals could further intensify scrutiny of how AI infrastructure spending is financed and measured.