FIN · T13
How much of the money buying AI chips was lent, guaranteed or invested by the companies selling them?
Nvidia was owed 59.6 days of sales on July 26, 2026, against 45.4 in April, by DeepStack's arithmetic from its filings, and its guarantee table reached $108.5 billion from $3.5 billion, up to $105 billion of it signed in August for one Ohio campus and phased in from fiscal 2029. The buyers are real. Part of the money they pay with came from the seller.
Questions 3Open 3Call held 0Call missed 0
The loan is a bridge
End buyers are real and paying; the seller's money fills a credit gap for unrated buyers, and outside capital is taking its place.
7 voices
The seller funds its demand
Vendor money holds marginal demand above the market rate: the neoclouds exist to place the seller's chips, and the labs pledge the money back.
5 voices
The questions
Settles Nov 18open
Will NVIDIA's guarantees note for the quarter ended October 25, 2026 show total maximum gross exposure above $108.5 billion?
Settles Nov 18open
Will NVIDIA's 10-Q for the quarter ended October 25, 2026 report AI cloud purchase agreements above 36 billion dollars?
Settles Nov 18open
Will the direct customers NVIDIA lists at 10 percent or more of receivables together exceed 70 percent of its accounts receivable?