DeItaone: Aletheia Downgrades Nvidia to Hold on $165B AI Financing Exposure
$NVDA - NVIDIA DOWNGRADED TO HOLD AS $165 BILLION AI FINANCING EXPOSURE RAISES CONCERNS Aletheia Capital has downgraded Nvidia from Buy to Hold and withdrawn its $340 price target, citing growing financial risks from its AI Computing Partner program and potential internal turmoil. Analyst Stefan Chang estimates Nvidia's financial commitments have surged more than tenfold to $165 billion, including $105 billion tied to an Ohio data-center project. CoreWeave, Nebius and IREN alone could require $124 billion over the next 12–15 months, potentially rising to $450–500 billion by 2030.
Context
A $165 billion financing exposure estimate puts Nvidia's AI partner book at the center of market risk debates.
Walter Bloomberg account DeItaone reported that Aletheia Capital downgraded Nvidia from Buy to Hold and withdrew a $340 price target, citing AI Computing Partner program financing risk. The same wire said analyst Stefan Chang estimates Nvidia commitments at $165 billion.
Deep dive
DeItaone reported that Aletheia Capital downgraded Nvidia from Buy to Hold and withdrew its $340 price target over financial risks tied to Nvidia's AI Computing Partner program. The wire attributed to analyst Stefan Chang an estimate that Nvidia financial commitments surged more than tenfold to $165 billion, including $105 billion tied to an Ohio data center project, with CoreWeave, Nebius, and IREN alone potentially needing $124 billion over 12 to 15 months.
Separately the same day, DeItaone reported Goldman Sachs reiterated a Buy rating with a $300 price target after the AI sector selloff. Both posts are market wires, not Nvidia statements.
What to expect next
Watch Nvidia disclosures on partner financing exposure and whether more banks follow Aletheia or Goldman.