- Derivatives tied to Nvidia are now among the most traded in the US credit default swaps market as investors hedge exposure to the chipmaker's debt following June's $25B bond sale. Protection was traded on $6.9B of debt over the past six months, up from $640M notional in the prior six months, per DTCC data cited by S&P Dow Jones Indices' Nicholas Godec.
- USD.AI announced a $128.9M asset-backed GPU financing facility, its largest to date, backing deployment of 32 NVIDIA GB200 NVL72 systems in British Columbia, Canada. The borrower is a publicly-listed GPU cloud provider running large-scale NVIDIA clusters as a managed service under a multi-year contract with an investment-grade counterparty.
- Nvidia-backed Firmus plans to raise $10B before an Australian listing, extending the AI infrastructure capital formation cycle into Australasian public markets.
Quotes
“Market participants traded protection on $6.9 billion of debt in the past six months, up from notional trading volume of $640 million in the prior six”
“USD.AI today announced a $128.9 million asset-backed GPU financing facility for an undisclosed borrower, marking the largest loan originated through the platform to date.”
“Nvidia-backed Firmus seeks $10B financing ahead of an Australian IPO.”