Story thread · 2 reports / 2 sources

Bond Traders Agonize Over AI Companies’ $70 Billion of Shadow Credit Backstops

bloomberg.com · 4h · first reportShare

Even before Nvidia Corp.’s splashy $500 billion financing partnership this week, investors were starting to fret over the roughly $70 billion in phantom liabilities that don’t appear on major AI companies’ balance sheets, but could materialize at the worst possible time.