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Nvidia, with quarterly free cash flow up 18x over the past three years to $48.5B, is using its balance sheet and credit rating to build an AI capital moat (Ari Levy/CNBC)

Nvidia's massive head start in artificial intelligence turned the chipmaker into the world's most valuable company.

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

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