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AI Cloud Provider Lambda Taps Loans for Nvidia-Tied Chip Deal

Bloomberg Technology Monday 10 August 2026, 14:44 UTC By Jeannine Amodeo, Paula Seligson and Gowri Gurumurthy 1 min read
Key Points

AI Cloud Provider Lambda Taps Loans for Nvidia-Tied Chip Deal Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is selling a leveraged loan to finance a chip deal as the risky debt market becomes a new front in the borrowing binge to finance the artificial intelligence buildout. The company, part of a group dubbed neoclouds that rent access to microchips and other AI infrastructure, is selling a $917 million GPU loan, or graphics processing units. It follows a novel...

AI Cloud Provider Lambda Taps Loans for Nvidia-Tied Chip Deal Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is selling a leveraged loan to finance a chip deal as the risky debt market becomes a new front in the borrowing binge to finance the artificial intelligence buildout. The company, part of a group dubbed neoclouds that rent access to microchips and other AI infrastructure, is selling a $917 million GPU loan, or graphics processing units. It follows a novel financing by CoreWeave Inc. earlier this year, which was the first of its kind to finance chips in the institutional leveraged loan market.
AI Cloud Provider Lambda Taps Loans (ORG) Nvidia (ORG) Nvidia Corp. (ORG) GPU (ORG) CoreWeave Inc. (ORG)
Originally published by Bloomberg Technology Read original →

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