7 Min Read
According to the Financial Times, Nvidia is working with reinsurance broker Howden Re on a structure to insure chip-backed loans to small cloud companies. Its filings already show $108.5B in maximum guarantee exposure; insurance could shift the chips' resale-value risk from banks and Nvidia to a third party.
NVDA · Since The Event− 5.62%Read7 Min Read
The loan ten banks arranged for the Crux AI joint venture is secured by the Google TPUs it will buy and by its customer contracts. The secondary market for that chip is five months old, and Google picks the buyers.
10 Min Read
ERCOT's interconnection queue holds 474 GW of data center requests; the most those loads have ever drawn at once is under 3.9 GW. A letter with no legal force stopped the entire process.
VST · Since The Event+ 4.05%Read9 Min Read
CoreWeave's revenue doubled in a year and its backlog reached $104 billion; the stock jumped 13% after hours. In the same release, the company guided to paying four times its operating profit in interest next quarter.
10 Min Read
Nvidia signed up Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize more than $500 billion for AI infrastructure. It committed no capital of its own — it built the chain.
