Gravity

~$1.0T/yr GROSS orbiting AI-infra (Nvidia DC run-rate + the hyperscaler capex it anchors); ~$1T Blackwell+Rubin order book (mgmt aggregate, not audited)

med confidence · as of 2026-07-26 · about Nvidia

Sourced figures 2

kestrel thread hyperscaler-capex-big-picture ~$725B combined 2026 hyperscaler capex landing on Nvidia
2026-07 med
Nvidia Q3 FY2026 results + kestrel nvidia-order-book ~$1T Blackwell+Rubin order book (management aggregate, NOT audited backlog)
2026-07 low

the working

Threads 7

Circular Financing developing
Hyperscaler Capex open
Where the Capex Lands open
Compute Spend open
Nvidia's Order Book open
Nvidia as Lender open
CoreWeave Bet open

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Nvidia.