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  "path": "/2026/05/11/banks-turn-data-centre-loans-into-2008-style-financial-time-bombs/",
  "publishedAt": "2026-05-11T22:11:11.000Z",
  "site": "https://pivot-to-ai.com",
  "tags": [
    "Data centres",
    "CoreWeave",
    "JPMorgan Chase",
    "Morgan Stanley",
    "SMBC"
  ],
  "textContent": "An asset bubble is an opportunity. By late 2024, financiers were already constructing collateralised GPU obligations, lending against video cards. CoreWeave borrows against its Nvidia GPUs — which have a useful life of maybe two years. CoreWeave then uses the loan to buy more Nvidia GPUs. This is fine. Investment banks have been hard at […]",
  "title": "Banks turn data centre loans into 2008-style financial time bombs"
}