The AI race is quietly turning into a debt race. Broadcom is reportedly arranging $50B+ of private credit (Apollo, Blackstone in talks) so OpenAI can buy its custom 'Nexus' chips. Oracle wants off-balance-sheet chip leasing. SpaceX is seeking ~$40B for Nvidia GPUs. AI-linked US leveraged finance went from ~$20B to $88B. My take: compute is now financed like real estate. Great if demand holds, brutal if it doesn't. Is AI infrastructure debt a smart bet or the next bubble? More AI news at www.contentbuffer.com #AI #OpenAI #Broadcom #AIInfrastructure #PrivateCredit #Oracle #Nvidia