{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/665dda1b3ce6480013459039/698f7b217301331f1f916a89?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Why Is Nvidia Betting Big on a Junk-Bond Funded Data Center?","description":"<p>Nvidia Corporation will lease a data center in Storey County, Nevada, financed by a $3.8 billion junk-bond sale. The bond deal, backed by Tract Capital, increased by $150 million due to strong demand, targeting a yield around 6%. This move reflects a trend of using high-yield bonds for AI infrastructure projects. Nvidia's lease is initially for 16 years, with options for two additional 10-year extensions. Tract Capital's Fleet strategy focuses on building data centers for hyperscalers, with Fleet I being the borrower for this bond. The proceeds will reduce the equity contribution for the project. Nvidia continues to expand its AI capabilities by designing complex chips and developing open-source AI models.</p><p>Learn more on this news by visiting us at: https://greyjournal.net/news/</p><p><br></p><p><br></p>","author_name":"GREY Journal"}