Morgan Stanley Initiates Nvidia Credit Rating: Financial Strength Converted into AI Financing Tool, Debt Scale Could Reach $200 Billion

Nvidia is quietly converting its $500 billion-scale AI infrastructure financing ambitions into implicit risk exposure on its balance sheet. A latest Morgan Stanley report reveals that if contingent obligations such as lease guarantees, residual value support, and revenue-sharing agreements are fully included, Nvidia's total credit exposure could reach $200 billion by the end of 2028—of which up to $170 billion remains off-balance-sheet, with transparency gaps and tail risks persisting.