Nscale’s debt hits $5.5bn as it leans harder on Nvidia ahead of its IPO
THE SO WHAT
AI infra is moving into power-plant-style leverage — $5.5B in debt pre-IPO means public investors are being asked to underwrite both capex and Nvidia dependency. If you’re a heavy GPU buyer, this is a reminder to diligence your providers’ balance sheets, not just their instance pricing.
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