Nvidia Set To Reveal Record $500 Billion Off-Balance Sheet SPV Deal To Fund The World's Biggest Circle Jerk: Report In what is shaping up as a record-breaking, off-balance sheet SPV deal, one which will send CDS and credit yields surging far beyond where the recent explosion in AI debt has already pushed them, and as shown in the chart below, it's pretty, pretty far... ... the FT reports that Nvidia - unable to generate fund the old-fashioned way by earnings - is working with the world’s largest financial groups are to assemble a $500bn funding package for AI infrastructure development, in what will be the biggest AI lending efforts to date of any kind. A consortium of groups including private credit (and equity) giants...
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