According to BlockBeats, on September 11, the Wall Street Journal reported that Nvidia (NVDA.O) CEO Jensen Huang responded to questions about Nvidia's involvement in financing arrangements for data center and artificial intelligence infrastructure projects at a Goldman Sachs conference.

When asked whether these investments constituted revolving financing, Jensen Huang stated, "If I invest $1 and eventually get $100 back, does that count as revolving financing?" He described the transactions as a "very clever strategy" that would help Nvidia build distribution channels for its technology architecture.

Jensen Huang stated that Nvidia's funding for data center projects and AI infrastructure is not simply a matter of money circulation, but rather an effort to promote the adoption of its architecture in the market.

According to BlockBeats, on September 11, during U.S. Treasury Secretary Bessenter's first-ever large-scale Treasury bond repurchase operation, the amount of long-term Treasury bonds purchased was less than investors expected, exacerbating the sell-off and causing U.S. long-term bond yields to rise to multi-year highs.

The U.S. Treasury repurchased $5.187 billion in 10- to 20-year Treasury bonds on Thursday, less than the previously announced maximum repurchase amount of $6 billion. The 10-year Treasury yield rose to its highest level since 2023 following this operation. Investors submitted bids to the Treasury for $10.5 billion in bonds during the operation. Although the Treasury is not obligated to purchase the maximum amount, this is the third time in 53 long-term bond repurchase operations since the program was reintroduced in 2024 that it has chosen not to reach the maximum limit.

"This suggests that the Treasury is being more selective than usual," said Molly Brooks, a strategist at TD Securities. "If the Treasury wants to meet market expectations and complete the full repurchase quota to lower long-term rates, it may need to accept less attractive offers in future repurchase operations. At least, the precedent of the Treasury repurchasing 100% of the maximum quota has been broken, which could help to redistribute market expectations."

According to BlockBeats, on September 11, the yield on the two-year U.S. Treasury note rose 15 basis points to 4.58%, the highest level since 2024.

According to BlockBeats, on September 11th, sources familiar with the matter revealed that Microsoft (MSFT.O) plans to significantly expand its data center scale, with global data center capacity exceeding 38 gigawatts by 2032, more than tripling from the current approximately 12 gigawatts. This plan aims to alleviate the computing power shortage caused by the rapid growth of AI and cloud businesses in recent years. Microsoft had previously had to reject some AI and cloud service business due to insufficient capacity.

Sources familiar with the matter said the roadmap includes Microsoft's self-built and leased data centers, but excludes computing resources leased from "new cloud service providers" such as CoreWeave. The plan is still subject to adjustment based on customer demand and technological changes. Microsoft's latest fiscal year capital expenditures reached $145 billion, and analysts expect spending to continue to grow in the coming years.

Microsoft's previous suspension of some data center construction led to limited computing power supply, causing some customers to switch to competitors. Documents show that Microsoft restricted new cloud service subscriptions in key regions of the US and Europe. Microsoft stated that it is accelerating data center construction.