Announcement facts are stated as of August 11, 2026 and verified against NVIDIA’s and partners’ releases; deal-structure details beyond the releases are attributed to FT-originated reporting and marked as such. NVIDIA’s quantified commitments are the >$500 billion third-party mobilization target and residual-value support of up to approximately 25% of an opportunity, case-by-case, on undisclosed terms. The memoranda of understanding bind no party until final agreements are executed. The collateral engine is stylized and parameter-driven — it does not model any actual financing platform’s terms. Reported OpenAI-related backstop negotiations are excluded from the analysis as unannounced. Strategic research and education, not investment advice.