COULD NVIDIA DEFAULT?

Summary from the TLDR newsletter

Credit Default Swaps insuring against an Nvidia debt default have doubled in price in the last two months. The company gave a $105 billion residual value guarantee for OpenAI's Ohio data center earlier this month, and it has also been involved in two other $500 billion deals this month. It has been reported to have been involved in over 300 financing deals in the last five years. Analysts are worried an AI downturn could see the circular deals entered into by Nvidia with other AI players unravel, which could result in cascading losses.