{
  "generatedAt": "2026-10-22T16:04:11Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "clark-tang",
  "name": "Clark Tang",
  "role": null,
  "url": "https://deepstack.ltd/people/clark-tang/",
  "api": "https://deepstack.ltd/api/v1/entities/people/clark-tang.json",
  "summary": "Clark Tang is named in 2 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 16 (The loan is a bridge).",
  "parts": [
    {
      "part": 6,
      "headline": "Power Doesn’t Depreciate. Its Premium Moves.",
      "url": "https://deepstack.ltd/stories/power-doesnt-depreciate/"
    },
    {
      "part": 16,
      "headline": "The Seller Holds the Paper",
      "url": "https://deepstack.ltd/stories/the-seller-holds-the-paper/"
    }
  ],
  "numbers": [],
  "mentions": [
    {
      "part": 6,
      "section": "The rent will move",
      "excerpt": "Clark Tang of Altimeter says hyperscalers retain an advantage through investment-grade balance sheets: they can build ahead of demand and rent at spot rates, while lenders finance neocloud hardware only against contracted offtake.",
      "url": "https://deepstack.ltd/stories/power-doesnt-depreciate/"
    },
    {
      "part": 16,
      "section": "The loan is a bridge",
      "excerpt": "Clark Tang wrote in Key Context on August 12 that the new third-party money, from Apollo to KKR, was underwritten independently and takes the place of Nvidia's balance sheet, his answer to the circularity charge.",
      "url": "https://deepstack.ltd/stories/the-seller-holds-the-paper/"
    }
  ],
  "sides": [
    {
      "part": 16,
      "question": null,
      "side": "the-loan-is-a-bridge",
      "sideLabel": "The loan is a bridge",
      "claim": "On circularity fears: recent third-party capital from Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR was independently underwritten apart from one another and replaces Nvidia's balance sheet rather than merely extending it, which…",
      "date": "2026-08-12",
      "url": "https://taekim.substack.com/p/nvidia-is-speedrunning-the-creation",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-seller-holds-the-paper/",
      "sidesUrl": "https://deepstack.ltd/sides/the-seller-holds-the-paper/"
    },
    {
      "part": 16,
      "question": null,
      "side": "the-loan-is-a-bridge",
      "sideLabel": "The loan is a bridge",
      "claim": "Hyperscalers retained one structural advantage over neoclouds: investment-grade balance sheets that let them fund speculative capacity ahead of demand and rent it out at higher spot rates, whereas neoclouds could only get financing for hardware…",
      "date": "2026-08-12",
      "url": "https://taekim.substack.com/p/nvidia-is-speedrunning-the-creation",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-seller-holds-the-paper/",
      "sidesUrl": "https://deepstack.ltd/sides/the-seller-holds-the-paper/"
    }
  ],
  "coverage": {
    "creators": 0,
    "claims": 11,
    "texts": 1,
    "asOf": "2026-10-22"
  },
  "lastUpdated": "2026-10-22"
}