AI's $100B Debt Habit
How Broadcom's plan to borrow more than $60 billion for AI chips turns compute buildout into a Wall Street asset class.
Topic
Chips
Semiconductor strategy and the AI hardware race — Nvidia, AMD, custom silicon, foundry capacity and interconnect economics.
Nvidia's $6B Non-Acquisition
How Nvidia's Poolside deal — a license, an investment, and 109 job offers — became the new template for buying AI without buying the company.
SK Hynix Hands Back $28.6 Billion
How a record buyback from the world's key AI-memory maker became a referendum on the AI spending boom.
The SEC's Quiet Green Light
How a technical SEC ruling on data-center bonds removed a brake on AI infrastructure financing—and why a footnote about "financial assets" carries billions in consequences.
Etched's $21 Billion Bet Against Nvidia
How Etched's $700 million raise at a $21 billion valuation — double its price a month earlier — turns a bet that inference will dwarf training into the most serious startup challenge Nvidia has faced at the chip level.
Nvidia's $105 Billion OpenAI Data Center Bet
How Nvidia's decision to guarantee up to $105 billion in lease and power payments for an OpenAI megasite in Ohio turns the chipmaker into the AI economy's lender of last resort — and reopens the argument over circular financing.
SK Hynix's $38 Billion Memory Bet
How SK Hynix's decision to pour $38 billion into two new chip fabs — years before they can produce anything — reveals the scale of conviction behind the AI memory boom.
AMD's Bet Against Flexibility
How AMD's acquisition of Taalas — a startup that etches AI models into silicon — signals a shift from general-purpose GPUs to fixed-function inference chips.
L&T's $1.57 Billion Nvidia AI Factory
How a $1.57 billion order to build India's largest Nvidia AI factory turns a storied engineering conglomerate into an AI landlord — and pushes the compute buildout beyond America's borders.
Nvidia Turns Compute Into an Asset Class
How Nvidia and six Wall Street giants are engineering $500 billion to finance the AI buildout and reshaping who bears the risk.