Nvidia's $500B+ off-balance-sheet AI financing faces stress as neocloud partners lose 30%+ in market value
Nvidia's dual role as chip supplier and financier is under pressure: CoreWeave credit-default-swap spreads exceeded 11%, while portfolio neoclouds Nebius and IREN shed over 30% this month. Nvidia reported $36B in neocloud backstop agreements and a $105B OpenAI Ohio campus guarant



























































































































































































































































































































































































































































