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Neocloud Lambda secures $1B in debt to buy more chips
Debt-financed GPU purchases leased back to hyperscalers is now a standard playbook, and Lambda is just the latest name running it. The structure works as long as utilization and lease rates hold, which means the real risk sits with lenders, not with Lambda or Microsoft. Watch the credit terms on these deals more than the headline number, they tell you how nervous the market actually is.