Ep. 037 - Who's Funding the $11 Trillion AI Buildout? (Capital Markets) | Dan Nishball, Jordan Nanos

AI debt financing is set to exceed 10% of all U.S. issuance by 2027, despite lenders lacking GPU residual-value models.

• $11.3T total build-out: Cumulative AI IT + data center capex from 2021-2029 reaches $11.3T, implying $7T of debt outstanding by 2029 — already surpassing auto loans in 2026.
• NVIDIA's $497B backstop: Across seven structures (AICP offtake guarantees, cloud agreements, residual value guarantees like $105B for PhoenixPike, the $500B capital partnership), NVIDIA can support up to ~46GW of the 240GW coming — not enough.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.