Hyperscalers are spending tens of billions of dollars on Nvidia (NVDA -0.59%) graphics processing units (GPUs) to serve artificial intelligence customers. But they may not be accounting for the GPUs correctly on their balance sheets, which will be a problem if chips don't last as long as expected. In this video, Travis Hoium digs into the staggering numbers involved.

*Stock prices used were end-of-day prices of Jan. 24, 2025. The video was published on Jan. 27, 2025.