Report: lenders demand up to 25% collateral from Nvidia as GPU-backed loans wobble
GaryMarcus · x · 2026-10-02
An unverified claim circulating on X says lenders no longer accept Nvidia chips as an appreciating asset and now demand up to 25% collateral before offering ABS loans to neoclouds and smaller hyperscalers like Oracle. Nvidia reportedly hoped to offset this via insurers selling depreciation policies protecting hundreds of billions in bonds. The thread also claims Broadcom was forced to finance $42B for Anthropic, suggesting contagion hitting AMD, CoreWeave, and Nebius.
Gary Marcus, while declining to use the word 'fraud', added that 'things are definitely looking shaky and lenders have definitely started pushing back.' Treat as unverified market chatter.
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