NVIDIA CDS skyrockets! The $500 billion off-balance-sheet "debt phantom" has Wall Street in a panic?

On Monday (August 10), NVIDIA officially reached an agreement with several top financial institutions on Wall Street, aiming to raise substantial funds to help its clients finance power purchases. This news clearly brought more to the overnight financial marketsrather than surprise, it was a shock NVIDIAs 5-year credit default swaps (CDS) soared nearly 6 basis points after the news broke on Monday.