News & Insights
InsightsA $500bn AI financing question remains after stellar Nvidia earnings (9fin)
News & Analysis

A $500bn AI financing question remains after stellar Nvidia earnings (9fin)

William Hoffman and Evan Pfab28 Aug 2026 | US | 3 minute read
insights hero

Related Posts

Discover more insights.

Use the previous and next buttons or keyboard arrows to navigate between slides.

Why funding Treasury buybacks from the General Account edges closer to QE
News & Analysis
Distressed
Investment Grade
LevFin

Why funding Treasury buybacks from the General Account edges closer to QE

Long-dated Treasury yields fell on 24 August after CNBC reported, citing two senior Treasury officials, that the department could tap its near $1trn Treasury General Account (TGA) to help fund its expanded government bond purchases. 10-year Treasury yields dropped more than 3bps to 4.70%, while 30-year yields shed more than 4bps to 5.23%.

25 Aug 2026
| US
GSAM eyes $6.6bn GPU-backed private financing for OpenAI
News & Analysis
Investment Grade
LevFin
Private Credit

GSAM eyes $6.6bn GPU-backed private financing for OpenAI

Goldman Sachs Asset Management is preparing to lead a privately placed $6.6bn chip-backed debt package to finance the purchase of GPUs for OpenAI, supported by a backstop from semiconductor giant Nvidia.

25 Aug 2026
| US
What’s in a data center residual value guarantee? Answer looks murky in bankruptcy
News & Analysis
LevFin
Investment Grade
Distressed

What’s in a data center residual value guarantee? Answer looks murky in bankruptcy

Some of the biggest data center financings hitting the corporate bond market are underpinned by three magic words — residual value guarantee. For bondholders, no words can be sweeter. The RVG mechanism is one of the most valuable ways a hyperscaler tenant can provide credit support to a data center or other AI-related financings without incurring that debt on their own balance sheet.

21 Aug 2026
| US
Selling Treasuries for hyperscaler corporate debt helps drive up 30-year rates
News & Analysis
Investment Grade

Selling Treasuries for hyperscaler corporate debt helps drive up 30-year rates

For all the concern about the spending spree on data centers and AI, investors are still clamoring for more exposure to hyperscaler debt. The latest example is the trend of multi-sector asset managers selling their US Treasury positions in favor of higher-yielding and only slightly riskier corporate bonds issued by large tech names such as Amazon, Alphabet and Meta.

20 Aug 2026
| US
AI Infrastructure — To spend or not to spend, that is the question
News & Analysis
LevFin
Investment Grade
Distressed

AI Infrastructure — To spend or not to spend, that is the question

To spend or not to spend? For anyone using AI infrastructure, from Google and Anthropic to a wave of other AI companies, that is the existential question right now.

20 Aug 2026
| US
Off-balance sheet, on the mind — How hyperscaler leverage soars when adding in lease commitments
News & Analysis
Investment Grade
LevFin

Off-balance sheet, on the mind — How hyperscaler leverage soars when adding in lease commitments

Off-balance sheet lease commitments have quickly become a major factor in the artificial intelligence build-out, and in some respects is even dwarfing the on-balance sheet debt raised by hyperscalers.

14 Aug 2026
| US