Nvidia's AI funding bet faces depreciation risk as yen slides and Red Sea tensions rise
Nvidia is pursuing more than $500 billion in Wall Street financing to build AI infrastructure, betting GPUs will hold value like hard assets despite depreciation risk and rising Chinese competition. Google DeepMind names Koray Kavukcuoglu as head. Regional tensions flare in the Red Sea with a Houthi attack and US strikes in the Gulf. The yen heads toward 160 per dollar as oil ticks higher, and AI-enabled cyber incidents spur accelerated cybersecurity spending.