Jensen Huang on neocloud financing and their high cost-of-capital.

Nvidia invested in neoclouds because they are a good investment, which is different from backing them.

neoclouds have plenty of customers and are sold out, so their only problem is a shortage of working capital to buy the land, power, buildings and chips needed to serve those contracts.
He argues that rising borrowing costs are a side effect of huge AI demand, not a flaw in their business model, and that money always finds its way to businesses with strong demand.
"Everything else will get solved when demand is high." https://x.com/amitisinvesting/status/2113247669250384012/video/1