Bundled claim — unverified

Original: OpenAI → Oracle · Stargate cloud, 5 yrs
Monitor: OpenAI / Oracle · >$300B announced partnership over five years (Sep 2025); not exact spend

OpenAI September 23, 2025 announcement explicitly describes a partnership exceeding $300B over five years and up to 4.5GW additional capacity. This is an announced lower bound, not exactly $300B, current backlog, cash spent or delivered capacity. Do not add it to the umbrella Stargate investment target. Current utilization and amendments remain unverified. · Published: 2025-09-23 · Event/as of: 2025-09-23 · Inspected: 2026-09-21

Original: OpenAI → Microsoft · Azure capacity
Monitor: OpenAI → Microsoft · $250B incremental Azure services announced Oct 2025; not current remaining backlog

October 28, 2025 issuer announcement supports incremental $250B contracted Azure services and a then roughly27% as-converted diluted stake. Stake is historical, not current after later financing. April27,2026 amendment changes exclusivity/IP/revenue-share terms without restating this amount: https://blogs.microsoft.com/blog/2026/04/27/the-next-phase-of-the-microsoft-openai-partnership/. No current balance, annual rate or remaining term inferred. · Published: 2025-10-28 · Event/as of: 2025-10-28 · Inspected: 2026-09-21

Original: 120
Monitor: 105

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: Nvidia → OpenAI · lease-payment backstop (cut from $250B)
Monitor: NVIDIA → SB Energy · contingent guaranty cap

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: true
Monitor: false

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: 100
Monitor: 30

Dated source supports this correction; remaining context is unverified. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-14

Original: Nvidia → OpenAI · equity tied to 10GW LOI
Monitor: NVIDIA → OpenAI · announced equity commitment; cash funding unverified

February 27 issuer announcement supports $30B participation. March 31 round closure reports committed capital, not investor-specific cash receipts: https://openai.com/index/accelerating-the-next-phase-ai/. Reinspection does not establish NVIDIA cash funding or expiry/replacement of every prior LOI term. Retain equity-commitment classification and $30B amount; do not sum with guaranties. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-21

Original: 38
Monitor: 138

Dated source supports this correction; remaining context is unverified. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-14

Original: OpenAI → AWS · multi-year compute
Monitor: OpenAI → AWS · $138B combined announced agreements; different start dates/terms, not cash paid

February 27 expansion announcement supports an additional $100B over eight years. Original November 3, 2025 $38B agreement described seven years: https://openai.com/index/aws-and-openai-partnership/. $138B is combined announced contract value across different start dates, not annual spend, paid cash or remaining backlog. Actual spend/delivery not verified. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-21

Original: OpenAI → CoreWeave · contracts thru 2029
Monitor: OpenAI → CoreWeave · up to approximately $22.4B (Sep 2025 agreements); not current backlog

September25,2025 issuer release states up to approximately $22.4B total across successive agreements (11.9+4+6.5, rounded), not revenue received. September23 order runs through May31,2031 subject to service/delivery and termination conditions: https://www.sec.gov/Archives/edgar/data/1769628/000119312525216497/d17274d8k.htm . The old through2029 label cannot describe all orders. Current residual backlog not established. · Published: 2025-09-25 · Event/as of: 2025-09-25 · Inspected: 2026-09-21

Original: AMD → Anthropic · strategic equity
Monitor: AMD → Anthropic · equity ceiling, up to $5B

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-22 · Event/as of: 2026-07-22 · Inspected: 2026-09-14

Original: Azure frontier capacity — $250B OpenAI commitment
Monitor: OpenAI contracted an incremental $250B of Azure services (Oct 28, 2025 announcement); current remaining balance and delivery unverified.

October 28, 2025 issuer announcement supports incremental $250B contracted Azure services and a then roughly27% as-converted diluted stake. Stake is historical, not current after later financing. April27,2026 amendment changes exclusivity/IP/revenue-share terms without restating this amount: https://blogs.microsoft.com/blog/2026/04/27/the-next-phase-of-the-microsoft-openai-partnership/. No current balance, annual rate or remaining term inferred. · Published: 2025-10-28 · Event/as of: 2025-10-28 · Inspected: 2026-09-21

Original: Stargate 4.5GW+ — $300B contract over 5 yrs
Monitor: Oracle / OpenAI: up to 4.5GW additional Stargate capacity; partnership exceeds $300B over five years per Sep 2025 announcement. Delivery/spend unverified.

OpenAI September 23, 2025 announcement explicitly describes a partnership exceeding $300B over five years and up to 4.5GW additional capacity. This is an announced lower bound, not exactly $300B, current backlog, cash spent or delivered capacity. Do not add it to the umbrella Stargate investment target. Current utilization and amendments remain unverified. · Published: 2025-09-23 · Event/as of: 2025-09-23 · Inspected: 2026-09-21

Original: AWS multi-year compute — $38B
Monitor: AWS compute: $38B original agreement (Nov 2025, seven years) plus $100B expansion (Feb 2026, eight years). Announced values; spend to date unverified.

February 27 expansion announcement supports an additional $100B over eight years. Original November 3, 2025 $38B agreement described seven years: https://openai.com/index/aws-and-openai-partnership/. $138B is combined announced contract value across different start dates, not annual spend, paid cash or remaining backlog. Actual spend/delivery not verified. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-21

Original: $22B+ of contracts through 2029
Monitor: OpenAI / CoreWeave: up to approximately $22.4B across agreements announced by Sep 2025; latest $6.5B order through May 2031, subject to conditions.

September25,2025 issuer release states up to approximately $22.4B total across successive agreements (11.9+4+6.5, rounded), not revenue received. September23 order runs through May31,2031 subject to service/delivery and termination conditions: https://www.sec.gov/Archives/edgar/data/1769628/000119312525216497/d17274d8k.htm . The old through2029 label cannot describe all orders. Current residual backlog not established. · Published: 2025-09-25 · Event/as of: 2025-09-25 · Inspected: 2026-09-21

Original: $6.3B unused-capacity backstop sale to Nvidia
Monitor: NVIDIA residual-capacity purchase obligation: initial $6.3B order (Sep 2025), through Apr 2032; delivery, availability and termination conditions apply.

September9,2025 order disclosed September15: initial value $6.3B; NVIDIA purchases residual unsold capacity through April13,2032, subject to delivery/availability and termination. Not an unconditional $6.3B receipt or equity investment. Excluded from unconditional cash-flow cycle model; no incremental addition to contract totals. · Published: 2025-09-15 · Event/as of: 2025-09-09 · Inspected: 2026-09-21

Original: Project Rainier — Trainium at scale
Monitor: April 20 agreement: Anthropic commits >$100B to AWS over 10 years; up to 5GW of new capacity. Announced commitment; actual spending and delivered capacity not verified. Reviewed Sep 21, 2026.

Issuer announcement inspected Sep 21; Amazon Q2 2026 10-Q independently corroborates the >$100B, 10-year expansion (https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm, Note 1). Capacity is an announced ceiling; delivery and spend to date are not verified. This label-only pilot does not add a numeric amount to the selected-contract aggregate or update other snapshot dates. · Published: 2026-04-20 · Event/as of: 2026-04-20 · Inspected: 2026-09-21

Original: Model supply
Monitor: Model supply under wind-down notice; proposed shutoff November 12, 2026

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-28 · Event/as of: 2026-08-28 · Inspected: 2026-09-14

Original: ~27% stake — $13B+ invested
Monitor: Microsoft reported roughly 27% of OpenAI on an as-converted diluted basis after Oct 2025 recapitalization; current ownership unverified.

October 28, 2025 issuer announcement supports incremental $250B contracted Azure services and a then roughly27% as-converted diluted stake. Stake is historical, not current after later financing. April27,2026 amendment changes exclusivity/IP/revenue-share terms without restating this amount: https://blogs.microsoft.com/blog/2026/04/27/the-next-phase-of-the-microsoft-openai-partnership/. No current balance, annual rate or remaining term inferred. · Published: 2025-10-28 · Event/as of: 2025-10-28 · Inspected: 2026-09-21

Original: Up to $100B tied to 10GW LOI
Monitor: $30B announced investment in the 2026 round; individual cash funding not independently established

February 27 issuer announcement supports $30B participation. March 31 round closure reports committed capital, not investor-specific cash receipts: https://openai.com/index/accelerating-the-next-phase-ai/. Reinspection does not establish NVIDIA cash funding or expiry/replacement of every prior LOI term. Retain equity-commitment classification and $30B amount; do not sum with guaranties. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-21

Original: oai
Monitor: sbe

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: ≈$120B lease-payment backstop — cut from $250B after investor pushback (WSJ, Aug 16); phase 1 ≈5GW
Monitor: Signed Aug 17: NVIDIA guaranties to SB Energy, initial cap $105B; OpenAI is tenant. Effective with applicable leases; payment depends on specified defaults and conditions.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: true
Monitor: false

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: Warrants up to ~10% of AMD equity
Monitor: OpenAI holds an AMD warrant; up to 160M shares vest on deployment milestones. Equity rights flow AMD → OpenAI; not cash invested by AMD.

Dated source supports this correction; remaining context is unverified. · Published: 2025-10-06 · Event/as of: 2025-10-06 · Inspected: 2026-09-14

Original: $8B+ in convertibles
Monitor: Amazon invested $18B through June 30, 2026: $8B earlier notes plus $5B Series G and $5B Series H. Remaining facility: up to $15B, subject to delivery milestones and draw conditions; not funded capital. Reviewed Sep 21, 2026.

Note 2: $8B invested through 2025 plus two $5B investments in Q2 2026 = $18B historical invested cost, not fair value. The $20B facility was reduced to $15B by Series H participation; do not add $20B again. No post-quarter funding assertion. Investment is separate from the >$100B compute commitment. Selected contract subtotal excludes equity and undrawn facilities. · Published: unknown · Event/as of: 2026-06-30 · Inspected: 2026-09-21

Original: $5B strategic partnership (Jul 2026)
Monitor: Up to $5B strategic equity commitment; cash funding unverified (July 22, 2026)

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-22 · Event/as of: 2026-07-22 · Inspected: 2026-09-14

Original: Series C participant (€1.7B round)
Monitor: Series C and Series D participant (September 8, 2026)

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-08 · Event/as of: 2026-09-08 · Inspected: 2026-09-14

Original: Series D participant
Monitor: Historical Cursor financing relationship; current ownership exposure unverified

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-14 · Event/as of: 2026-08-14 · Inspected: 2026-09-14

Original: Series D participant
Monitor: Historical Cursor financing relationship; current ownership exposure unverified

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-14 · Event/as of: 2026-08-14 · Inspected: 2026-09-14

Original: GB / Vera Rubin systems — 10GW roadmap
Monitor: NVIDIA capacity: 3GW inference + 2GW training announced February 27, 2026

Dated source supports this correction; remaining context is unverified. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-14

Original: 18k GPUs — Mistral Compute
Monitor: NVIDIA systems for Mistral Compute; exact current GPU count unverified

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Azure frontier capacity — $250B OpenAI commitment
Monitor: OpenAI contracted an incremental $250B of Azure services (Oct 28, 2025 announcement); current remaining balance and delivery unverified.

October 28, 2025 issuer announcement supports incremental $250B contracted Azure services and a then roughly27% as-converted diluted stake. Stake is historical, not current after later financing. April27,2026 amendment changes exclusivity/IP/revenue-share terms without restating this amount: https://blogs.microsoft.com/blog/2026/04/27/the-next-phase-of-the-microsoft-openai-partnership/. No current balance, annual rate or remaining term inferred. · Published: 2025-10-28 · Event/as of: 2025-10-28 · Inspected: 2026-09-21

Original: Stargate 4.5GW+ — $300B contract over 5 yrs
Monitor: Oracle / OpenAI: up to 4.5GW additional Stargate capacity; partnership exceeds $300B over five years per Sep 2025 announcement. Delivery/spend unverified.

OpenAI September 23, 2025 announcement explicitly describes a partnership exceeding $300B over five years and up to 4.5GW additional capacity. This is an announced lower bound, not exactly $300B, current backlog, cash spent or delivered capacity. Do not add it to the umbrella Stargate investment target. Current utilization and amendments remain unverified. · Published: 2025-09-23 · Event/as of: 2025-09-23 · Inspected: 2026-09-21

Original: AWS multi-year compute — $38B
Monitor: AWS compute: $38B original agreement (Nov 2025, seven years) plus $100B expansion (Feb 2026, eight years). Announced values; spend to date unverified.

February 27 expansion announcement supports an additional $100B over eight years. Original November 3, 2025 $38B agreement described seven years: https://openai.com/index/aws-and-openai-partnership/. $138B is combined announced contract value across different start dates, not annual spend, paid cash or remaining backlog. Actual spend/delivery not verified. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-21

Original: $22B+ of contracts through 2029
Monitor: OpenAI / CoreWeave: up to approximately $22.4B across agreements announced by Sep 2025; latest $6.5B order through May 2031, subject to conditions.

September25,2025 issuer release states up to approximately $22.4B total across successive agreements (11.9+4+6.5, rounded), not revenue received. September23 order runs through May31,2031 subject to service/delivery and termination conditions: https://www.sec.gov/Archives/edgar/data/1769628/000119312525216497/d17274d8k.htm . The old through2029 label cannot describe all orders. Current residual backlog not established. · Published: 2025-09-25 · Event/as of: 2025-09-25 · Inspected: 2026-09-21

Original: $6.3B unused-capacity backstop sale to Nvidia
Monitor: NVIDIA residual-capacity purchase obligation: initial $6.3B order (Sep 2025), through Apr 2032; delivery, availability and termination conditions apply.

September9,2025 order disclosed September15: initial value $6.3B; NVIDIA purchases residual unsold capacity through April13,2032, subject to delivery/availability and termination. Not an unconditional $6.3B receipt or equity investment. Excluded from unconditional cash-flow cycle model; no incremental addition to contract totals. · Published: 2025-09-15 · Event/as of: 2025-09-09 · Inspected: 2026-09-21

Original: Project Rainier — Trainium at scale
Monitor: April 20 agreement: Anthropic commits >$100B to AWS over 10 years; up to 5GW of new capacity. Announced commitment; actual spending and delivered capacity not verified. Reviewed Sep 21, 2026.

Issuer announcement inspected Sep 21; Amazon Q2 2026 10-Q independently corroborates the >$100B, 10-year expansion (https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm, Note 1). Capacity is an announced ceiling; delivery and spend to date are not verified. This label-only pilot does not add a numeric amount to the selected-contract aggregate or update other snapshot dates. · Published: 2026-04-20 · Event/as of: 2026-04-20 · Inspected: 2026-09-21

Original: Model supply
Monitor: Model supply under wind-down notice; proposed shutoff November 12, 2026

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-28 · Event/as of: 2026-08-28 · Inspected: 2026-09-14

Original: ~27% stake — $13B+ invested
Monitor: Microsoft reported roughly 27% of OpenAI on an as-converted diluted basis after Oct 2025 recapitalization; current ownership unverified.

October 28, 2025 issuer announcement supports incremental $250B contracted Azure services and a then roughly27% as-converted diluted stake. Stake is historical, not current after later financing. April27,2026 amendment changes exclusivity/IP/revenue-share terms without restating this amount: https://blogs.microsoft.com/blog/2026/04/27/the-next-phase-of-the-microsoft-openai-partnership/. No current balance, annual rate or remaining term inferred. · Published: 2025-10-28 · Event/as of: 2025-10-28 · Inspected: 2026-09-21

Original: Up to $100B tied to 10GW LOI
Monitor: $30B announced investment in the 2026 round; individual cash funding not independently established

February 27 issuer announcement supports $30B participation. March 31 round closure reports committed capital, not investor-specific cash receipts: https://openai.com/index/accelerating-the-next-phase-ai/. Reinspection does not establish NVIDIA cash funding or expiry/replacement of every prior LOI term. Retain equity-commitment classification and $30B amount; do not sum with guaranties. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-21

Original: oai
Monitor: sbe

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: ≈$120B lease-payment backstop — cut from $250B after investor pushback (WSJ, Aug 16); phase 1 ≈5GW
Monitor: Signed Aug 17: NVIDIA guaranties to SB Energy, initial cap $105B; OpenAI is tenant. Effective with applicable leases; payment depends on specified defaults and conditions.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: true
Monitor: false

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: Warrants up to ~10% of AMD equity
Monitor: OpenAI holds an AMD warrant; up to 160M shares vest on deployment milestones. Equity rights flow AMD → OpenAI; not cash invested by AMD.

Dated source supports this correction; remaining context is unverified. · Published: 2025-10-06 · Event/as of: 2025-10-06 · Inspected: 2026-09-14

Original: $8B+ in convertibles
Monitor: Amazon invested $18B through June 30, 2026: $8B earlier notes plus $5B Series G and $5B Series H. Remaining facility: up to $15B, subject to delivery milestones and draw conditions; not funded capital. Reviewed Sep 21, 2026.

Note 2: $8B invested through 2025 plus two $5B investments in Q2 2026 = $18B historical invested cost, not fair value. The $20B facility was reduced to $15B by Series H participation; do not add $20B again. No post-quarter funding assertion. Investment is separate from the >$100B compute commitment. Selected contract subtotal excludes equity and undrawn facilities. · Published: unknown · Event/as of: 2026-06-30 · Inspected: 2026-09-21

Original: $5B strategic partnership (Jul 2026)
Monitor: Up to $5B strategic equity commitment; cash funding unverified (July 22, 2026)

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-22 · Event/as of: 2026-07-22 · Inspected: 2026-09-14

Original: Series C participant (€1.7B round)
Monitor: Series C and Series D participant (September 8, 2026)

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-08 · Event/as of: 2026-09-08 · Inspected: 2026-09-14

Original: Series D participant
Monitor: Historical Cursor financing relationship; current ownership exposure unverified

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-14 · Event/as of: 2026-08-14 · Inspected: 2026-09-14

Original: Series D participant
Monitor: Historical Cursor financing relationship; current ownership exposure unverified

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-14 · Event/as of: 2026-08-14 · Inspected: 2026-09-14

Original: GB / Vera Rubin systems — 10GW roadmap
Monitor: NVIDIA capacity: 3GW inference + 2GW training announced February 27, 2026

Dated source supports this correction; remaining context is unverified. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-14

Original: 18k GPUs — Mistral Compute
Monitor: NVIDIA systems for Mistral Compute; exact current GPU count unverified

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: HBM3E/HBM4 lead supply — $500B+ multi-year LOI (Jul 2026); 20–26 wk lead times
Monitor: HBM supply relationship — bundled scope and lead times unverified

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Acquired by Nvidia for ≈$12.93B (closed Sep 2026); terms reportedly pay out rival chipmakers and reserve ≈$1B for staff retention. Nvidia now owns the open-model distribution layer — candidate nvda→hf edge in the next structural batch.
Monitor: Definitive acquisition agreement signed September 2; expected closing in 1H 2027 subject to approvals. Purchase price about $11.9B, plus up to $1B employee retention.

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-03 · Event/as of: 2026-09-02 · Inspected: 2026-09-14

Original: The conspicuous absentee — ~$4.3T of capital with no load-bearing edge in this web. Optionality, or indictment.
Monitor: Apple: approximately $4.85T vendor market cap at September 11 close; no load-bearing edge included.

Vendor estimate; share basis unresolved. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: HBM3E/HBM4 lead supply — $500B+ multi-year LOI (Jul 2026); 20–26 wk lead times
Monitor: HBM supply relationship — bundled scope and lead times unverified

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: HBM leader (~50–55% share), sold out into 2027; Nasdaq ADS listed Jul 10 (≈$28B raise); $500B+ multi-year Nvidia LOI (Jul). Chairman: shortage may run past 2030. Korea-concentration risk.
Monitor: HBM supplier. ADS proceeds, partnership scope, sold-out horizon and shortage duration require separate dated evidence.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: US pure-play and the earliest fiscal read each quarter (FQ4 report ≈Sep 22). HBM sold out through 2027; ≈$1T cap. Its P/B is this module's weekly froth thermometer.
Monitor: Fiscal Q4 results scheduled September 30, 2026. Bundled sold-out horizon and price/book series remain unverified.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-26 · Event/as of: 2026-09-30 · Inspected: 2026-09-14

Original: -12.9
Monitor: -16.7

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-26 · Event/as of: 2026-08-26 · Inspected: 2026-09-14

Original: Aug 16
Monitor: Aug 17

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: Nvidia ≈$120B OpenAI lease-payment backstop (cut from $250B, WSJ) via SPV securitization with 25% residual-chip guarantee — vendor financing, compute leg
Monitor: NVIDIA → SB Energy: signed contingent guaranty; initial aggregate cap $105B, not funded equity.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: 56.7
Monitor: 55.441

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-29 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: 37.1
Monitor: 35.802

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-29 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: 19.6
Monitor: 19.639

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-29 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: FQ4'26 · depreciation life 15→25y change flagged
Monitor: FY26 Q4 ended June 30 · cash PP&E; FCF derived as OCF minus cash PP&E

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-29 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: 48
Monitor: 45.387

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-30 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: 55
Monitor: 53.076

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-30 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: -7
Monitor: -7.689

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-30 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: guide → ≈$220B explicitly citing memory · TTM FCF −$7.6B
Monitor: Q2 ended June 30 · net cash PP&E (54.208 minus 1.132); FCF derived

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-30 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: 33.8
Monitor: 31.862

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-29 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: 33
Monitor: 31.078

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-29 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: 0.8
Monitor: 0.784

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-29 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: cash balance −91% y/y · guide floor $130–145B
Monitor: Q2 ended June 30 · capex includes finance-lease principal; reported FCF 0.784B; cash/securities 90.26B

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-29 · Event/as of: 2026-06-30 · Inspected: 2026-09-14

Original: capex > OCF — already crossed (Epoch)
Monitor: MODEL PLACEHOLDER — no matched fiscal quarter; excluded from factual cash-flow comparisons

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 17
Monitor: unavailable / withheld

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: polymarket
Monitor: unverified

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: -7
Monitor: 0

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Yes 16.8% / No 83.3%, ≈$2.3M volume (Jul 16). Down from 24% in early June.
Monitor: Cutoff probability unavailable. Post-cutoff observations excluded; old July quote and delta withheld.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 4
Monitor: unavailable / withheld

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: polymarket
Monitor: unverified

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: -66
Monitor: 0

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Confidential filing Jun 8, then delay to 2027 confirmed; near-term contracts went to near-zero.
Monitor: Cutoff probability and historical delta unavailable; listing timeline unverified.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 11
Monitor: unavailable / withheld

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: polymarket
Monitor: unverified

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 0
Monitor: 0

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Private-company contract live since May 19 alongside OpenAI and SpaceX markets.
Monitor: No matching debut-cap contract established. Valuation-by-date and IPO-closing-cap contracts are different questions.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Nvidia–OpenAI backstop closes at ≥$100B
Monitor: Retired: NVIDIA / SB Energy guaranty signing

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: 60
Monitor: unavailable / withheld

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: est
Monitor: unverified

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 0
Monitor: 0

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: In talks per Jul 27 reports. Street reads it as bullish for neoclouds, bearish for Nvidia's balance sheet optics.
Monitor: Retired question: the initial SB Energy guaranties were signed August 17; payment remains contingent. No probability assigned.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: Deepens the NVDA↔OpenAI loop; CDS market is already voting.
Monitor: Scenario only: tenant default could trigger conditional guaranty payments; no current CDS inference is verified.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: Gap to Alphabet compressed to ≈$4.75T vs $4.31T; one bad print flips the ranking.
Monitor: Model estimate only. Vendor capitalization estimates have differing share bases; no verified end-2026 contract.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: CRWV −55% from high on $25B debt; GPU/memory cost inflation; SpaceX + Meta entering supply.
Monitor: Model estimate only; historical drawdown and debt figures withheld pending reconciliation. Meta compute-resale activity and any effect on supply or pricing remain unverified.

Scenario, not a verified current credit assessment. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Cited in the Jul 27 selloff; margin migrates from renters to Nvidia and memory makers.
Monitor: Model estimate only; price inflation and selloff causation are separate claims.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: BofA: top-8 ≈ −$64B for '26. Epoch crossover ≈ Q3'26. Q2 aggregate ≈ +$2.5B and falling.
Monitor: Model estimate only. Calendar-year cash flow cannot be inferred from a mixed-fiscal-quarter demonstration.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 5300
Monitor: 5270

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: -5.27
Monitor: unavailable / withheld

Remove mixed-session returns; no complete common-session set. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: reported
Monitor: unverified

Remove mixed-session returns; no complete common-session set. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: true
Monitor: true

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: Sun of the system — sells the shovels, finances the diggers, backstops the mines. Q2 FY27 (Aug 26): $96.2B rev, +106% y/y; guided FY28 growth ≈70%; +15% price hike to largest customers.
Monitor: Q2 FY27: revenue $96.2B, +106% y/y; GAAP EPS $2.46, non-GAAP EPS $2.22. FY28 guidance and reported system-price increases require separate attribution.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-26 · Event/as of: 2026-08-26 · Inspected: 2026-09-14

Original: 4310
Monitor: 4140

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: 2860
Monitor: 3680

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: ~27% of OpenAI plus an Anthropic hedge; quietly shipping in-house MAI models.
Monitor: Microsoft reported roughly 27% of OpenAI on an as-converted diluted basis after the Oct 2025 recapitalization. Historical ownership basis; later dilution and current stake not verified.

October 28, 2025 issuer announcement supports incremental $250B contracted Azure services and a then roughly27% as-converted diluted stake. Stake is historical, not current after later financing. April27,2026 amendment changes exclusivity/IP/revenue-share terms without restating this amount: https://blogs.microsoft.com/blog/2026/04/27/the-next-phase-of-the-microsoft-openai-partnership/. No current balance, annual rate or remaining term inferred. · Published: 2025-10-28 · Event/as of: 2025-10-28 · Inspected: 2026-09-21

Original: 2570
Monitor: 2770

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: Trainium + Anthropic anchor; AWS now also sells $38B of compute to OpenAI.
Monitor: AWS compute: $38B original agreement (Nov 2025, seven years) plus $100B expansion (Feb 2026, eight years). Announced values; spend to date unverified.

February 27 expansion announcement supports an additional $100B over eight years. Original November 3, 2025 $38B agreement described seven years: https://openai.com/index/aws-and-openai-partnership/. $138B is combined announced contract value across different start dates, not annual spend, paid cash or remaining backlog. Actual spend/delivery not verified. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-21

Original: 1800
Monitor: 2050

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: Largest capital sink in the web. IPO prep toward ~$1T; Nvidia backstop cut to ≈$120B (WSJ, Aug 16); custom 'Jalapeño' inference chip with Broadcom benchmarked above GB300.
Monitor: March 31 round closed at $852B post-money. NVIDIA credit support for SB Energy’s Ohio campus is a separate contingent guaranty; see the edge terms.

Dated source supports this correction; remaining context is unverified. · Published: 2026-03-31 · Event/as of: 2026-03-31 · Inspected: 2026-09-14

Original: 786
Monitor: 842.57

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: -7.67
Monitor: unavailable / withheld

Remove mixed-session returns; no complete common-session set. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: reported
Monitor: unverified

Remove mixed-session returns; no complete common-session set. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Broke the one-supplier story: OpenAI warrant deal, now a $5B Anthropic stake.
Monitor: AMD committed up to $5B of strategic equity in Anthropic; this is a ceiling, not proof of cash paid.

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-22 · Event/as of: 2026-07-22 · Inspected: 2026-09-14

Original: 416
Monitor: 454.41

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: Stargate landlord. The $300B OpenAI contract is both the moat and the concentration risk.
Monitor: Stargate infrastructure partner. OpenAI described a >$300B, five-year partnership in Sep 2025; this is not verified current backlog or realized spending.

OpenAI September 23, 2025 announcement explicitly describes a partnership exceeding $300B over five years and up to 4.5GW additional capacity. This is an announced lower bound, not exactly $300B, current backlog, cash spent or delivered capacity. Do not add it to the umbrella Stargate investment target. Current utilization and amendments remain unverified. · Published: 2025-09-23 · Event/as of: 2025-09-23 · Inspected: 2026-09-21

Original: 380
Monitor: 965

Dated source supports this correction; remaining context is unverified. · Published: 2026-05-28 · Event/as of: 2026-05-28 · Inspected: 2026-09-14

Original: Q2 2026 revenue >$11.5B (Q1: $4.73B; yr-ago $787M); run-rate ≈$65B by late July; adj. operating income positive. IPO prep. $2T chatter is rumor — last official mark $350–380B.
Monitor: Series H post-money valuation $965B (May 28, 2026). Other revenue and IPO claims remain unverified.

Dated source supports this correction; remaining context is unverified. · Published: 2026-05-28 · Event/as of: 2026-05-28 · Inspected: 2026-09-14

Original: 200
Monitor: 242.68

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: true
Monitor: true

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: 39
Monitor: 49.08

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: First neocloud: $99B backlog vs $25B debt. Nvidia equity above, Nvidia backstop below.
Monitor: Neocloud operator. Bundled backlog and debt figures withheld pending matching dates and debt definitions.

Do not substitute an unreconciled debt total. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 40
Monitor: 61.55

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: 3
Monitor: 14.6

Dated source supports this correction; remaining context is unverified. · Published: 2026-03-09 · Event/as of: 2026-03-09 · Inspected: 2026-09-14

Original: Microsoft-heavy GB300 buildout; the smallest and most single-tenant of the neocloud trio.
Monitor: AI infrastructure operator. Historical superlatives about relative size and tenant concentration are unverified.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 55
Monitor: 143.34

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: true
Monitor: true

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: 14
Monitor: unavailable / withheld

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-08 · Event/as of: 2026-09-08 · Inspected: 2026-09-14

Original: Europe's champion, running on Nvidia capital and 18k Nvidia GPUs.
Monitor: Series D: post-money valuation above €21B (September 8). USD conversion and GPU-count update withheld pending basis reconciliation.

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-08 · Event/as of: 2026-09-08 · Inspected: 2026-09-14

Original: 29
Monitor: unavailable / withheld

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-14 · Event/as of: 2026-08-14 · Inspected: 2026-09-14

Original: Fastest app-layer scaler; rents intelligence from both labs, capital from their backers.
Monitor: Part of SpaceX since August 14, 2026. Excluded from the sum of standalone marks.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-14 · Event/as of: 2026-08-14 · Inspected: 2026-09-14

Original: 8
Monitor: 15.5

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-09 · Event/as of: 2026-09-09 · Inspected: 2026-09-14

Original: 4
Monitor: unavailable / withheld

No priced equity valuation established; a guaranty cap is not a valuation. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Stargate's power developer. Electrons, not GPUs, are the binding constraint.
Monitor: Developer and lessor for the Ohio campus with OpenAI as tenant; NVIDIA provides contingent credit support.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: HBM leader (~50–55% share), sold out into 2027; Nasdaq ADS listed Jul 10 (≈$28B raise); $500B+ multi-year Nvidia LOI (Jul). Chairman: shortage may run past 2030. Korea-concentration risk.
Monitor: HBM supplier. ADS proceeds, partnership scope, sold-out horizon and shortage duration require separate dated evidence.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: US pure-play and the earliest fiscal read each quarter (FQ4 report ≈Sep 22). HBM sold out through 2027; ≈$1T cap. Its P/B is this module's weekly froth thermometer.
Monitor: Fiscal Q4 results scheduled September 30, 2026. Bundled sold-out horizon and price/book series remain unverified.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-26 · Event/as of: 2026-09-30 · Inspected: 2026-09-14

Original: Nvidia's 9.3% converts a customer into a subsidiary-in-spirit. Watch Microsoft concentration.
Monitor: Ownership percentage alone does not establish control. Current warrant and share basis require review.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: App-layer torque: its token bill is the labs' revenue. Growth here validates the stack above it.
Monitor: Cursor is part of SpaceX; its former standalone valuation is excluded from network totals.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-14 · Event/as of: 2026-08-14 · Inspected: 2026-09-14

Original: 17
Monitor: unavailable / withheld

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: polymarket
Monitor: unverified

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: -7
Monitor: 0

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Yes 16.8% / No 83.3%, ≈$2.3M volume (Jul 16). Down from 24% in early June.
Monitor: Cutoff probability unavailable. Post-cutoff observations excluded; old July quote and delta withheld.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 4
Monitor: unavailable / withheld

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: polymarket
Monitor: unverified

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: -66
Monitor: 0

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Confidential filing Jun 8, then delay to 2027 confirmed; near-term contracts went to near-zero.
Monitor: Cutoff probability and historical delta unavailable; listing timeline unverified.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 11
Monitor: unavailable / withheld

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: polymarket
Monitor: unverified

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 0
Monitor: 0

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Private-company contract live since May 19 alongside OpenAI and SpaceX markets.
Monitor: No matching debut-cap contract established. Valuation-by-date and IPO-closing-cap contracts are different questions.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Nvidia–OpenAI backstop closes at ≥$100B
Monitor: Retired: NVIDIA / SB Energy guaranty signing

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: 60
Monitor: unavailable / withheld

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: est
Monitor: unverified

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 0
Monitor: 0

No matching, reproducible contract observation at cutoff. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: In talks per Jul 27 reports. Street reads it as bullish for neoclouds, bearish for Nvidia's balance sheet optics.
Monitor: Retired question: the initial SB Energy guaranties were signed August 17; payment remains contingent. No probability assigned.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: Deepens the NVDA↔OpenAI loop; CDS market is already voting.
Monitor: Scenario only: tenant default could trigger conditional guaranty payments; no current CDS inference is verified.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: Gap to Alphabet compressed to ≈$4.75T vs $4.31T; one bad print flips the ranking.
Monitor: Model estimate only. Vendor capitalization estimates have differing share bases; no verified end-2026 contract.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: CRWV −55% from high on $25B debt; GPU/memory cost inflation; SpaceX + Meta entering supply.
Monitor: Model estimate only; historical drawdown and debt figures withheld pending reconciliation. Meta compute-resale activity and any effect on supply or pricing remain unverified.

Scenario, not a verified current credit assessment. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Cited in the Jul 27 selloff; margin migrates from renters to Nvidia and memory makers.
Monitor: Model estimate only; price inflation and selloff causation are separate claims.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 5300
Monitor: 5270

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: -5.27
Monitor: unavailable / withheld

Remove mixed-session returns; no complete common-session set. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: reported
Monitor: unverified

Remove mixed-session returns; no complete common-session set. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: true
Monitor: true

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: Sun of the system — sells the shovels, finances the diggers, backstops the mines. Q2 FY27 (Aug 26): $96.2B rev, +106% y/y; guided FY28 growth ≈70%; +15% price hike to largest customers.
Monitor: Q2 FY27: revenue $96.2B, +106% y/y; GAAP EPS $2.46, non-GAAP EPS $2.22. FY28 guidance and reported system-price increases require separate attribution.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-26 · Event/as of: 2026-08-26 · Inspected: 2026-09-14

Original: 4310
Monitor: 4140

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: 2860
Monitor: 3680

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: ~27% of OpenAI plus an Anthropic hedge; quietly shipping in-house MAI models.
Monitor: Microsoft reported roughly 27% of OpenAI on an as-converted diluted basis after the Oct 2025 recapitalization. Historical ownership basis; later dilution and current stake not verified.

October 28, 2025 issuer announcement supports incremental $250B contracted Azure services and a then roughly27% as-converted diluted stake. Stake is historical, not current after later financing. April27,2026 amendment changes exclusivity/IP/revenue-share terms without restating this amount: https://blogs.microsoft.com/blog/2026/04/27/the-next-phase-of-the-microsoft-openai-partnership/. No current balance, annual rate or remaining term inferred. · Published: 2025-10-28 · Event/as of: 2025-10-28 · Inspected: 2026-09-21

Original: 2570
Monitor: 2770

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: Trainium + Anthropic anchor; AWS now also sells $38B of compute to OpenAI.
Monitor: AWS compute: $38B original agreement (Nov 2025, seven years) plus $100B expansion (Feb 2026, eight years). Announced values; spend to date unverified.

February 27 expansion announcement supports an additional $100B over eight years. Original November 3, 2025 $38B agreement described seven years: https://openai.com/index/aws-and-openai-partnership/. $138B is combined announced contract value across different start dates, not annual spend, paid cash or remaining backlog. Actual spend/delivery not verified. · Published: 2026-02-27 · Event/as of: 2026-02-27 · Inspected: 2026-09-21

Original: 1800
Monitor: 2050

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: Largest capital sink in the web. IPO prep toward ~$1T; Nvidia backstop cut to ≈$120B (WSJ, Aug 16); custom 'Jalapeño' inference chip with Broadcom benchmarked above GB300.
Monitor: March 31 round closed at $852B post-money. NVIDIA credit support for SB Energy’s Ohio campus is a separate contingent guaranty; see the edge terms.

Dated source supports this correction; remaining context is unverified. · Published: 2026-03-31 · Event/as of: 2026-03-31 · Inspected: 2026-09-14

Original: 786
Monitor: 842.57

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: -7.67
Monitor: unavailable / withheld

Remove mixed-session returns; no complete common-session set. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: reported
Monitor: unverified

Remove mixed-session returns; no complete common-session set. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Broke the one-supplier story: OpenAI warrant deal, now a $5B Anthropic stake.
Monitor: AMD committed up to $5B of strategic equity in Anthropic; this is a ceiling, not proof of cash paid.

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-22 · Event/as of: 2026-07-22 · Inspected: 2026-09-14

Original: 416
Monitor: 454.41

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: Stargate landlord. The $300B OpenAI contract is both the moat and the concentration risk.
Monitor: Stargate infrastructure partner. OpenAI described a >$300B, five-year partnership in Sep 2025; this is not verified current backlog or realized spending.

OpenAI September 23, 2025 announcement explicitly describes a partnership exceeding $300B over five years and up to 4.5GW additional capacity. This is an announced lower bound, not exactly $300B, current backlog, cash spent or delivered capacity. Do not add it to the umbrella Stargate investment target. Current utilization and amendments remain unverified. · Published: 2025-09-23 · Event/as of: 2025-09-23 · Inspected: 2026-09-21

Original: 380
Monitor: 965

Dated source supports this correction; remaining context is unverified. · Published: 2026-05-28 · Event/as of: 2026-05-28 · Inspected: 2026-09-14

Original: Q2 2026 revenue >$11.5B (Q1: $4.73B; yr-ago $787M); run-rate ≈$65B by late July; adj. operating income positive. IPO prep. $2T chatter is rumor — last official mark $350–380B.
Monitor: Series H post-money valuation $965B (May 28, 2026). Other revenue and IPO claims remain unverified.

Dated source supports this correction; remaining context is unverified. · Published: 2026-05-28 · Event/as of: 2026-05-28 · Inspected: 2026-09-14

Original: 200
Monitor: 242.68

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: true
Monitor: true

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: 39
Monitor: 49.08

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: First neocloud: $99B backlog vs $25B debt. Nvidia equity above, Nvidia backstop below.
Monitor: Neocloud operator. Bundled backlog and debt figures withheld pending matching dates and debt definitions.

Do not substitute an unreconciled debt total. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 40
Monitor: 61.55

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: 3
Monitor: 14.6

Dated source supports this correction; remaining context is unverified. · Published: 2026-03-09 · Event/as of: 2026-03-09 · Inspected: 2026-09-14

Original: Microsoft-heavy GB300 buildout; the smallest and most single-tenant of the neocloud trio.
Monitor: AI infrastructure operator. Historical superlatives about relative size and tenant concentration are unverified.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: 55
Monitor: 143.34

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: true
Monitor: true

Displayed vendor cap, not an exchange-certified capitalization. · Published: unknown · Event/as of: 2026-09-11 · Inspected: 2026-09-14

Original: 14
Monitor: unavailable / withheld

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-08 · Event/as of: 2026-09-08 · Inspected: 2026-09-14

Original: Europe's champion, running on Nvidia capital and 18k Nvidia GPUs.
Monitor: Series D: post-money valuation above €21B (September 8). USD conversion and GPU-count update withheld pending basis reconciliation.

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-08 · Event/as of: 2026-09-08 · Inspected: 2026-09-14

Original: 29
Monitor: unavailable / withheld

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-14 · Event/as of: 2026-08-14 · Inspected: 2026-09-14

Original: Fastest app-layer scaler; rents intelligence from both labs, capital from their backers.
Monitor: Part of SpaceX since August 14, 2026. Excluded from the sum of standalone marks.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-14 · Event/as of: 2026-08-14 · Inspected: 2026-09-14

Original: 8
Monitor: 15.5

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-09 · Event/as of: 2026-09-09 · Inspected: 2026-09-14

Original: 4
Monitor: unavailable / withheld

No priced equity valuation established; a guaranty cap is not a valuation. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Stargate's power developer. Electrons, not GPUs, are the binding constraint.
Monitor: Developer and lessor for the Ohio campus with OpenAI as tenant; NVIDIA provides contingent credit support.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: Jul 27
Monitor: Historical

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: Nvidia in talks on ≈$250B OpenAI compute backstop — vendor-financing loop would be formalized
Monitor: Earlier backstop-talks item withheld: original report not independently verified. See Aug 17 for the signed SB Energy guaranties.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: NVDA −5%, AMD −8%; semis sell off as GPU and memory prices rise; Nvidia CDS spread jumps to record
Monitor: July 27 semiconductor selloff — exact moves and causal attribution withheld pending common-basis price and reporting checks.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: AMD to invest $5B in Anthropic as part of strategic partnership — second lab tie after OpenAI warrants
Monitor: AMD commits up to $5B of strategic equity in Anthropic; disbursement unverified

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-22 · Event/as of: 2026-07-22 · Inspected: 2026-09-14

Original: Nvidia discloses 9.3% Nebius stake; neoclouds pop, then fade
Monitor: Bundled report of NVIDIA’s Nebius position; ownership basis and intraday reaction remain unverified.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Neocloud drawdown: CoreWeave ≈$87B→$39B; SpaceX×xAI resells compute to Google (~$920M/mo) and Anthropic (~$1.25B/mo); Meta eyes entry
Monitor: Neocloud drawdown: CoreWeave ≈$87B→$39B; SpaceX×xAI resells compute to Google (~$920M/mo) and Anthropic (~$1.25B/mo). Meta compute-resale plans remain unverified.

Historical bundled item. Meta resale reporting has not established an operating business or pricing impact; other figures in this item remain unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: OpenAI files confidentially; IPO later pushed to 2027 — 2026 listing markets collapse toward zero
Monitor: Bundled OpenAI IPO timeline — filing and listing dates require source confirmation.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Jul 27
Monitor: Historical

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: Nvidia in talks on ≈$250B OpenAI compute backstop — vendor-financing loop would be formalized
Monitor: Earlier backstop-talks item withheld: original report not independently verified. See Aug 17 for the signed SB Energy guaranties.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: NVDA −5%, AMD −8%; semis sell off as GPU and memory prices rise; Nvidia CDS spread jumps to record
Monitor: July 27 semiconductor selloff — exact moves and causal attribution withheld pending common-basis price and reporting checks.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: AMD to invest $5B in Anthropic as part of strategic partnership — second lab tie after OpenAI warrants
Monitor: AMD commits up to $5B of strategic equity in Anthropic; disbursement unverified

Dated source supports this correction; remaining context is unverified. · Published: 2026-07-22 · Event/as of: 2026-07-22 · Inspected: 2026-09-14

Original: Nvidia discloses 9.3% Nebius stake; neoclouds pop, then fade
Monitor: Bundled report of NVIDIA’s Nebius position; ownership basis and intraday reaction remain unverified.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Neocloud drawdown: CoreWeave ≈$87B→$39B; SpaceX×xAI resells compute to Google (~$920M/mo) and Anthropic (~$1.25B/mo); Meta eyes entry
Monitor: Neocloud drawdown: CoreWeave ≈$87B→$39B; SpaceX×xAI resells compute to Google (~$920M/mo) and Anthropic (~$1.25B/mo). Meta compute-resale plans remain unverified.

Historical bundled item. Meta resale reporting has not established an operating business or pricing impact; other figures in this item remain unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: OpenAI files confidentially; IPO later pushed to 2027 — 2026 listing markets collapse toward zero
Monitor: Bundled OpenAI IPO timeline — filing and listing dates require source confirmation.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Big-tech Q2: three of four raise capex guides; Amazon cites memory inflation; Alphabet posts first negative FCF since 2004 IPO
Monitor: Bundled big-tech capex roundup — individual fiscal periods and cash-flow definitions differ; see dated cash-flow rows.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Aug 16
Monitor: Aug 17

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: WSJ: Nvidia halves OpenAI backstop to ≈$120B after investor pushback — phase-1 (≈5GW) lease guarantee via SPV securitization
Monitor: NVIDIA signed contingent SB Energy guaranties, initially capped at $105B; OpenAI is tenant. Not funded equity.

August 17 8-K Item 1.01; corroborated by Q2 FY27 10-Q Note 10: https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm. Signed contingent support, not funded capital; no subsequent payment verified. Historical talks are not a current pending deal. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-21

Original: Nvidia Q2 FY27: $96.2B revenue (+106% y/y), EPS $2.22; Huang guides FY28 growth ≈70%; ~15% price increase for largest customers
Monitor: NVIDIA Q2 FY27: $96.2B revenue (+106% y/y); GAAP EPS $2.46, non-GAAP $2.22.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-26 · Event/as of: 2026-08-26 · Inspected: 2026-09-14

Original: OpenAI's Broadcom-built 'Jalapeño' inference chip benchmarks 1.5–1.9× perf/W above GB300 — custom-silicon substitution signal
Monitor: Bundled Jalapeño performance claim — benchmark date, method and comparison remain unverified.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Aug 28
Monitor: Aug 26

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-26 · Event/as of: 2026-08-26 · Inspected: 2026-09-14

Original: Memory: HBM4 ≈$550/36GB stack; maker inventories 2–4 wks; IDC sees 2026 smartphone −12.9%, PC −11.3% on DRAM starvation; SK Hynix chair: shortage may last past 2030
Monitor: IDC forecasts 2026 smartphone shipments down 16.7%; this is a forecast, not realized shipments.

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-26 · Event/as of: 2026-08-26 · Inspected: 2026-09-14

Original: Sep 8
Monitor: Sep 3

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-03 · Event/as of: 2026-09-03 · Inspected: 2026-09-14

Original: Nvidia closes ≈$12.93B Hugging Face acquisition — the front door to open models now belongs to the shovel-seller
Monitor: NVIDIA discloses signed Hugging Face acquisition; closing expected 1H 2027, subject to conditions.

Dated source supports this correction; remaining context is unverified. · Published: 2026-09-03 · Event/as of: 2026-09-03 · Inspected: 2026-09-14

Original: Sep 10
Monitor: Undated

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Micron CFO: demand 'significantly higher' than the industry can supply; constraints extend into 2028 (Idaho mid-27, Tongluo late-27/28, Singapore NAND H2-28); 2026 HBM sold out; multi-year LTAs advancing
Monitor: Micron conference item withheld: supplied September date disputed; original publication date not independently reproduced.

Dated source supports this correction; remaining context is unverified. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: true

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: Field absent from bundled input
Monitor: true

Dated source supports this correction; remaining context is unverified. · Published: 2026-08-17 · Event/as of: 2026-08-17 · Inspected: 2026-09-14

Original: Field absent from bundled input
Monitor: announced-lower-bound

OpenAI September 23, 2025 announcement explicitly describes a partnership exceeding $300B over five years and up to 4.5GW additional capacity. This is an announced lower bound, not exactly $300B, current backlog, cash spent or delivered capacity. Do not add it to the umbrella Stargate investment target. Current utilization and amendments remain unverified. · Published: 2025-09-23 · Event/as of: 2025-09-23 · Inspected: 2026-09-21

Original: Field absent from bundled input
Monitor: contract

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: contingent

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: equity-commitment

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: contract

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: contract

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: compute-ceiling

September25,2025 issuer release states up to approximately $22.4B total across successive agreements (11.9+4+6.5, rounded), not revenue received. September23 order runs through May31,2031 subject to service/delivery and termination conditions: https://www.sec.gov/Archives/edgar/data/1769628/000119312525216497/d17274d8k.htm . The old through2029 label cannot describe all orders. Current residual backlog not established. · Published: 2025-09-25 · Event/as of: 2025-09-25 · Inspected: 2026-09-21

Original: Field absent from bundled input
Monitor: contract

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: ceiling

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: contract

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: ceiling

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: reported

Separate economic categories; never label their aggregate funded capital. · Published: unknown · Event/as of: unknown · Inspected: not independently inspected

Original: Field absent from bundled input
Monitor: true

September9,2025 order disclosed September15: initial value $6.3B; NVIDIA purchases residual unsold capacity through April13,2032, subject to delivery/availability and termination. Not an unconditional $6.3B receipt or equity investment. Excluded from unconditional cash-flow cycle model; no incremental addition to contract totals. · Published: 2025-09-15 · Event/as of: 2025-09-09 · Inspected: 2026-09-21

Original: Field absent from bundled input
Monitor: true

September9,2025 order disclosed September15: initial value $6.3B; NVIDIA purchases residual unsold capacity through April13,2032, subject to delivery/availability and termination. Not an unconditional $6.3B receipt or equity investment. Excluded from unconditional cash-flow cycle model; no incremental addition to contract totals. · Published: 2025-09-15 · Event/as of: 2025-09-09 · Inspected: 2026-09-21

Original: New research addition; no bundled predecessor
Monitor: Meta announced its personal AI agent, powered by Muse Spark, with a US rollout on mobile and web and access through WhatsApp. Product context only; not a separate company or financial transaction.

Issuer launch announcement only. Rollout completion, security performance and present availability are not independently verified. · Published: 2026-09-08 · Event/as of: 2026-09-08 · Inspected: 2026-09-22

Original: New research addition; no bundled predecessor
Monitor: Announced Feb 17, 2026: multi-year AI infrastructure partnership. Contract value and fulfilled deliveries not established.

Excluded from modeled cash-flow cycles and commitment totals pending reconciliation. Infrastructure supports Meta broadly; a Muse-specific dependency is not established. Later amendments, delivery and cash spending remain unverified. · Published: 2026-02-17 · Event/as of: 2026-02-17 · Inspected: 2026-09-22

Original: New research addition; no bundled predecessor
Monitor: Announced Feb 24, 2026: up to 6 GW of AMD GPUs; initial shipments expected in 2H 2026 at announcement. Separate warrant for up to 160M shares is milestone-dependent; vesting/exercise not verified.

Excluded from modeled cash-flow cycles and commitment totals pending reconciliation. Infrastructure supports Meta broadly; a Muse-specific dependency is not established. Later amendments, delivery and cash spending remain unverified. · Published: 2026-02-24 · Event/as of: 2026-02-24 · Inspected: 2026-09-22

Original: New research addition; no bundled predecessor
Monitor: Announced Apr 9, 2026: approximately $21B expanded cloud-capacity agreement through Dec 2032. Not spending to date; prior-contract overlap unresolved.

Excluded from modeled cash-flow cycles and commitment totals pending reconciliation. Infrastructure supports Meta broadly; a Muse-specific dependency is not established. Later amendments, delivery and cash spending remain unverified. · Published: 2026-04-09 · Event/as of: 2026-04-09 · Inspected: 2026-09-22