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NVIDIA Unpaid Customer Invoices Jump $24.6 Billion, Raising AI Financing Concerns
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
NVIDIA’s unpaid customer invoices surged by $24.6 billion in six months, reaching $63.1 billion as of July 26. Five direct customers accounted for 70% of the outstanding balance. NVIDIA attributed the increase to longer payment terms offered to large investment-grade customers, ranging from 90 days to one year. Its days sales outstanding also increased to 60 days in July from 45 days in April. CFO Colette Kress rejected concerns about circular financing, saying, “We know some will call this circular financing. We see it differently.” Investors will watch the November 17 earnings update for further clarity.
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