Lambda

Deals

Anthropic's IPO filing says either side can cancel $34.9 billion of its $41.3 billion Lambda deal

Lambda missed the lease deadline behind its August agreement with Anthropic, so either company can cancel $34.9 billion of a $41.3 billion contract. A $4 billion pre-IPO round from Blackstone and Coatue is being sold against that same backlog.

November 11, 2026three-minute read

Data Center

Lambda sells insurers $1 billion of GPU debt at 6.78% for 30,000 Nvidia chips

Lambda sold $1.008 billion of fixed-rate debt to insurance companies at 6.78%, secured by contracts with two investment-grade customers it does not name. Days earlier, similar secured data-center paper cleared at 7.875%.

October 3, 2026three-minute read

Data Center

Moody's stamps $926 million of neocloud GPUs investment grade, and the shorts are not buying it

A Morgan Stanley-led syndicate has closed the first broadly syndicated, investment-grade-rated term loan B ever completed by a private neocloud, with Lambda's GPU servers and their contracted cash flows as collateral. Weeks later, sell ratings and an expanded Michael Burry short landed on the sector's stocks.

September 26, 2026three-minute read

Secondary market

Anthropic's IPO filing says either side can cancel $34.9 billion of its $41.3 billion Lambda deal

Lambda sells insurers $1 billion of GPU debt at 6.78% for 30,000 Nvidia chips

Moody's stamps $926 million of neocloud GPUs investment grade, and the shorts are not buying it

IREN is down 13.5% in two sessions on the FT's recount of OpenAI's revenue; 16 Buy ratings still see $81.13

The Anthropic ETF holds no Anthropic, and still out-raised Harbor's other four AI funds