Massive Capital Inflows & Creative Financing

Nvidia leads $500B financing consortium; SoftBank ~$6.5B; Switch $50B IPO; Meta $145B 2026 capex. 2026 US AI DC investment projected at $700B (81% YoY). Bond yields surge with $220B hyperscaler bonds. Creative structures like SPVs, JVs, and equity-as-debt models proliferate. New: Nscale $3B US IPO, Dell'Oro $3T 2030 capex forecast, and economic viability of $5.5-10T cycle improving, challenging overbuilding risk.