Nvidia’s credit-default swaps spiked to a record on fears of circular financing. They eased once Jensen Huang recast the $500bn plan as third-party capital, with Nvidia’s exposure capped.

Nvidia’s $500 billion financing push is a fresh reminder that the AI buildout is increasingly a credit story, and wider spreads are becoming a less comfortable companion to equity…

Nvidia partners with major Wall Street firms for a $500 billion investment in AI infrastructure, enhancing customer financing options.

Things could get bad if this all falls apart