### @who-holds-the-risk — Confirmed — from the companies' filings; counterparty inferences flagged
Broadcom's filing shows a $29B maximum exposure guaranteeing one customer's AI-rack lease obligations with 100% shortfall compensation, explicitly noting dependence on that customer's "continued commercial success." NVIDIA has deployed roughly $10.5B in equity and warrants into its own suppliers and customers, including the GPU clouds buying its chips. Across the map, revenue, equity value, and credit support all lean on the same future cash flows arriving on time.
- tier: Confirmed (✓)
- source: who-holds-the-risk / Eight ways to hold someone else's risk
- receipt: https://ticker.thevixguy.com/p/p-day-20260719-who-holds-the-risk-src-whr-eight-structures-conversation
- posted: 2026-07-19T03:54:33.600Z