How much of the money buying AI chips was lent, guaranteed or invested by the companies selling them? Settles Nov 18

Does NVIDIA's Form 10-Q for its fiscal quarter ended October 25, 2026 report AI cloud agreements, in its disclosure of purchase obligations and other commitments, above $36 billion?

Read the amount the 10-Q gives for AI cloud agreements, the cloud services NVIDIA has committed to buy, at October 25, 2026.

Source: SEC EDGAR, NVIDIA Form 10-Q for the quarter ended October 25, 2026 (commitments and contingencies note), CIK 0001045810

• The loan is a bridge End buyers are real and paying; the seller's money fills a credit gap for unrated buyers, and outside capital is taking its place.
• The seller funds its demand Vendor money holds marginal demand above the market rate: the neoclouds exist to place the seller's chips, and the labs pledge the money back.

Put your number from 1 to 99 in the app; the readers, the Call and the machines appear only after you save.

The Part On the Docket