Jay Goldberg

Context: Forward characterization; not yet resolvable, since no unwind has occurred. The structures have instead expanded and changed instrument. Bloomberg counts more than $540 billion of Nvidia deals with customers and partners announced in 2026 alone, including a $500 billion-plus SK Group initiative on 24 July 2026, and reported on 27 July that Nvidia is in early-stage, unconfirmed talks to guarantee as much as $250 billion of OpenAI's data-centre leases and to finance $350 billion of its chip purchases. Google has agreed to backstop lease payments for Anthropic at five sites in what Bloomberg says amounts to a $35 billion loan. Goldberg's analogy was to co-signing a mortgage; a lease guarantee is that arrangement rather than the equity stake he was asked about, but whether any of it unwinds badly remains open and the horizon runs to 2028.