Suspicions arise over "AI Central Bank" or "Balance Sheet as a Service"? Nvidia halts "Revenue Sharing for Financing" model
Nvidia's "AI Computing Power Partnership Program" was halted less than two months after its launch, with antitrust concerns being one of the triggers. Meanwhile, Nvidia disclosed for the first time its massive off-balance-sheet commitments totaling $530.5 billion. Morgan Stanley warned that the "circular financing" model is introducing significant and opaque tail risks. CDS quotes soared to 83 basis points, doubling the historical average — Wall Street is voting with prices: Is Nvidia's balance sheet a moat or a liability?
华尔街见闻•2026-08-28 00:46