### @who-holds-the-risk — Confirmed — from the companies' filings; counterparty inferences flagged
I trace Broadcom's $29B guarantee on one customer's AI-rack leases — 100% shortfall coverage, filing notes dependence on that customer's "continued commercial success." NVIDIA has put ~$10.5B into its own buyers, the GPU clouds purchasing its chips. Amazon is lender, landlord, and shareholder to Anthropic (~$38B committed). Oracle carries $552.6B backlog without naming its anchor. A $300B+ prepayment wall underpins the chain. 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-20260723-who-holds-the-risk-src-whr-eight-structures-rotation
- posted: 2026-07-23T22:19:39.465Z