--- title: Jeff Gundlach says making AI chips an asset class looks... description: DoubleLine CEO Jeff Gundlach has criticized Nvidia's more than $500bn financing consortium with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and... canonical: https://daily.dev/posts/jeff-gundlach-says-making-ai-chips-an-asset-class-looks-like-a-market-top-dtzqiir1c twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Jeff Gundlach says making AI chips an asset class looks like a market top | daily.dev og:description: DoubleLine CEO Jeff Gundlach has criticized Nvidia's more than $500bn financing consortium with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and... og:url: https://daily.dev/posts/jeff-gundlach-says-making-ai-chips-an-asset-class-looks-like-a-market-top-dtzqiir1c og:image: https://api.daily.dev/og/posts/DTzQiir1c.png og:image:alt: Jeff Gundlach says making AI chips an asset class looks like a market top og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Jeff Gundlach says making AI chips an asset class looks like a market top **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary DoubleLine CEO Jeff Gundlach has criticized Nvidia's more than $500bn financing consortium with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, questioning why AI chips of uncertain useful life are being used as collateral for long-dated debt. He compared the arrangement to issuing 30-year asset-backed securities against warehouses of bananas of unknown shelf life. Mark Cuban separately said chips as an asset class will be the new crypto, and Michael Burry has been shorting AI companies on the same obsolescence thesis. Nvidia's credit default swaps already hit a record after it announced $750bn of AI deals, and the Bank for International Settlements has warned an AI bust could hit credit markets as hard as 2008. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### Why is Jeff Gundlach criticizing Nvidia's AI chip financing deal with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR? Gundlach argues that using AI chips as collateral for long-term debt is risky because the hardware's useful life is uncertain and gets replaced quickly. He compared the arrangement, meant to mobilize more than $500bn so customers can buy access to Nvidia chips, to issuing 30-year asset-backed securities against warehouses of bananas of unknown shelf life. _daily.dev helps engineers weighing AI infrastructure investment risk stay on top of financing and hardware lifecycle debates._ ### Has the credit market already reacted to concerns about Nvidia's AI deal exposure? Yes, Nvidia's own credit default swaps hit a record high after it announced $750bn worth of AI deals, signaling that credit markets are pricing in the same durability and repayment risks that critics like Jeff Gundlach and Michael Burry have raised about AI chip investments. _Engineers tracking AI infrastructure risk can follow credit market signals like these on daily.dev._ ## Similar posts on daily.dev - [Nvidia talks to insurers about loans backed by its AI chips, FT reports](https://daily.dev/posts/nvidia-talks-to-insurers-about-loans-backed-by-its-ai-chips-ft-reports-89mo75owo) · The Next Web · 0 upvotes · 0 comments - [Why Wall Street wasn’t won over by Nvidia’s big conference](https://daily.dev/posts/why-wall-street-wasn-t-won-over-by-nvidia-s-big-conference-thnghaycv) · TechCrunch · 0 upvotes · 0 comments - [Premium: The Hater's Guide To AI Debt \(Part 1\)](https://daily.dev/posts/premium-the-hater-s-guide-to-ai-debt-part-1--p9dmod0fg) · Where's Your Ed At · 3 upvotes · 0 comments --- Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#nvidia](https://daily.dev/tags/nvidia), [#gpu](https://daily.dev/tags/gpu), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/jeff-gundlach-says-making-ai-chips-an-asset-class-looks-like-a-market-top-dtzqiir1c) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Jeff Gundlach says making AI chips an asset class looks like a market top","url":"https://daily.dev/posts/jeff-gundlach-says-making-ai-chips-an-asset-class-looks-like-a-market-top-dtzqiir1c","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/jeff-gundlach-says-making-ai-chips-an-asset-class-looks-like-a-market-top-dtzqiir1c"},"datePublished":"2026-08-17T16:51:45.842Z","dateModified":"2026-08-18T01:31:32.630Z","description":"DoubleLine CEO Jeff Gundlach has criticized Nvidia's more than $500bn financing consortium with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/aeaba8bface3a9bfd306730ed1a71e35?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/aeaba8bface3a9bfd306730ed1a71e35?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/jeff-gundlach-says-making-ai-chips-an-asset-class-looks-like-a-market-top-dtzqiir1c","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"venture-capital,nvidia,gpu,ai-infrastructure","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Jeff Gundlach says making AI chips an asset class looks like a market top"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/jeff-gundlach-says-making-ai-chips-an-asset-class-looks-like-a-market-top-dtzqiir1c#faq","mainEntity":[{"@type":"Question","name":"Why is Jeff Gundlach criticizing Nvidia's AI chip financing deal with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR?","acceptedAnswer":{"@type":"Answer","text":"Gundlach argues that using AI chips as collateral for long-term debt is risky because the hardware's useful life is uncertain and gets replaced quickly. He compared the arrangement, meant to mobilize more than $500bn so customers can buy access to Nvidia chips, to issuing 30-year asset-backed securities against warehouses of bananas of unknown shelf life. daily.dev helps engineers weighing AI infrastructure investment risk stay on top of financing and hardware lifecycle debates."}},{"@type":"Question","name":"Has the credit market already reacted to concerns about Nvidia's AI deal exposure?","acceptedAnswer":{"@type":"Answer","text":"Yes, Nvidia's own credit default swaps hit a record high after it announced $750bn worth of AI deals, signaling that credit markets are pricing in the same durability and repayment risks that critics like Jeff Gundlach and Michael Burry have raised about AI chip investments. Engineers tracking AI infrastructure risk can follow credit market signals like these on daily.dev."}}]} ```