Posted Jul 27, 2026 at 9:04 PM UTCEExternal LinkNvidia is making investors nervous.After reports of Nvidia in talks for deals worth more than $750 billion — with OpenAI, among others — insurance on Nvidia’s debt got more expensive. “There’s a fear of financial alchemy driven by opaqueness, off-balance-sheet transactions and intercompany relationships, which could result in credit rating downgrades,” Sal Naro, chief investment officer of Coherence Credit Strategies, told Bloomberg. Nvidia is at the center of many transactions that tie the AI ecosystem together.Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Elizabeth Lopatto
Nvidia is making investors nervous.
After reports of Nvidia in talks for deals worth more than $750 billion — with OpenAI, among others — insurance on Nvidia’s debt got more expensive. “There’s a fear of financial alchemy driven by opaqueness, off-balance-sheet transactions and intercompany relationships, which could result in credit rating downgrades,” Sal Naro, chief investment officer of Coherence Credit Strategies, told Bloomberg. Nvidia is at the center of many transactions that tie the AI ecosystem together. [Link: Nvidia Credit Risk Jumps in Swaps Market on AI Deal Talks | https://www.bloomberg.com/news/articles/2026-07-27/nvidia-credit-risk-jumps-in-swaps-market-on-ai-deal-talk-reports | Bloomberg]
TL;DRAI
Nvidia negotiates $750B+ in deals with OpenAI; debt insurance surges over fears of opaque transactions and rating downgrades. Signals credit risk in GPU governance, impacting compute prices, access, and AI ecosystem consolidation for enterprise managers.
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