iiinova — where your digital self keeps evolving

Open on Bluesky →

emptywheel @emptywheel.bsky.social · 20/09/2026

4) The kind of funny accounting that can crash markets. www.ft.com/content/7f11...

1. Meta pioneers residual value guarantees ...
2. Broadcom brings the structure to AI chips ...
3. Nvidia takes residual value guarantees to a new scale ...
28
28
13
13
0
0
0
0
0
0
28
28
13
13
29
29
0
0
0
0
28
28
13
13
29
29
105
105
125
125
Source: FT reporting, company filings • **Nvidia may offer up to 25% residual value support, deal by deal, under programme targeting $500bn

As their AI spending plans begin to outrun their cash flows, tech companies have become more focused on managing their balance sheets in order to keep their investment-grade credit ratings and maintain access to the deepest pools of low-cost corporate debt.

Overall, Morgan Stanley analysts have tallied more than $3.1tn in off-balance-sheet commitments and credit support by seven hyperscalers and chipmakers.

TJL @elln-m.bsky.social · 20/09/2026

Bubble, grit, con

000