Private Credit Roundup: Nvidia Backstop Option Up To $125B For Chips
Surging AI demand for computing capacity is pulling institutional investors into private credit as governments, companies, and startups race to expand data centers. Nvidia CEO Jensen Huang said the firm can backstop up to $125 billion, or 25% of potential deals. A Reuters Breakingviews column is skeptical, arguing financing exists because customers can’t fund buildouts alone. BofA estimates Broadcom’s vehicle could reach $370 billion by mid-2029.