The White House issued an executive order on advanced AI innovation and security.
The order directs federal agencies to prioritize AI-enabled cyber defense across national security, defense, and civilian government systems.
It also calls for an AI cybersecurity clearinghouse to coordinate vulnerability scanning, validation, patching, and remediation with industry and critical infrastructure operators.
The order creates a voluntary framework for frontier AI developers to work with the government on classified cyber benchmarking and pre-release model access, while explicitly saying it does not create mandatory licensing or preclearance for new AI models.
This is absolutely incredible.
Investors now perceive Nvidia to be as creditworthy as the US government.
Nvidia's $NVDA, 5-year credit default swap (CDS) is trading at ~38 basis points, slightly below the US sovereign CDS, at 40 basis points.
In other words, markets consider the world's largest company to be less likely to default on its obligations than the US federal government.
This comes as in FY2026, Nvidia carried only ~$8.5 billion in total debt against ~$10.6 billion in cash and generated nearly $100 billion in free cash flow, giving it one of the strongest balance sheets of any company in the world.
Even if Nvidia's earnings dropped -90%, it would still rank among the 100 most profitable companies in the world.
Markets are treating Nvidia as one of the safest companies on the planet.
This is absolutely incredible.
Investors now perceive Nvidia to be as creditworthy as the US government.
Nvidia's $NVDA, 5-year credit default swap (CDS) is trading at ~38 basis points, slightly below the US sovereign CDS, at 40 basis points.
In other words, markets consider the world's largest company to be less likely to default on its obligations than the US federal government.
This comes as in FY2026, Nvidia carried only ~$8.5 billion in total debt against ~$10.6 billion in cash and generated nearly $100 billion in free cash flow, giving it one of the strongest balance sheets of any company in the world.
Even if Nvidia's earnings dropped -90%, it would still rank among the 100 most profitable companies in the world.
Markets are treating Nvidia as one of the safest companies on the planet.
JUST IN: GOOGLE $GOOGL JUST ANNOUNCED AN $80 BILLION CAPITAL RAISE TO BUILD AI INFRASTRUCTURE
And Berkshire Hathaway $BRK.B is writing a $10 billion check to get in.
Here's the full breakdown:
THE DEAL:
- $30B in underwritten public offerings
- $40B through an at-the-market stock program starting Q3 2026
- $10B private placement to Berkshire Hathaway
THE BERKSHIRE PIECE:
- $5B in Class A Common Stock at $351.81 per share
- $5B in Class C Capital Stock at $348.20 per share
- Berkshire has been building this position since Q3 2025
THE PURPOSE:
- Scale AI compute infrastructure to meet "unprecedented customer demand"
- Approximately $30B of the ATM proceeds will cover 2026 employee equity tax obligations
- Remaining proceeds go directly to AI infrastructure buildout
JUST IN: GOOGLE $GOOGL JUST ANNOUNCED AN $80 BILLION CAPITAL RAISE TO BUILD AI INFRASTRUCTURE
And Berkshire Hathaway $BRK.B is writing a $10 billion check to get in.
Here's the full breakdown:
THE DEAL:
- $30B in underwritten public offerings
- $40B through an at-the-market stock program starting Q3 2026
- $10B private placement to Berkshire Hathaway
THE BERKSHIRE PIECE:
- $5B in Class A Common Stock at $351.81 per share
- $5B in Class C Capital Stock at $348.20 per share
- Berkshire has been building this position since Q3 2025
THE PURPOSE:
- Scale AI compute infrastructure to meet "unprecedented customer demand"
- Approximately $30B of the ATM proceeds will cover 2026 employee equity tax obligations
- Remaining proceeds go directly to AI infrastructure buildout