Nvidia’s Backstop Universe – Heads I Win, Tails Who Loses?
Source
Daniel Nishball
Author
Daniel Nishball
Date
Why it matters
Nvidia's off-balance-sheet guarantees nearly tripled to $530B in a single quarter, largely from memory supply commitments due by 2029, a concrete signal of how AI-buildout risk and financing are structured that shapes how much compute is actually available downstream.
