Structured financing collateralized by chips is emerging as a core funding engine for global AI expansion, rapidly evolving into a new asset class that could exceed a trillion dollars. JPMorgan Chase analysts project total chip spending to surpass $3 trillion by 2030, with most of it relying on debt financing. Broadcom is reportedly in discussions with Wall Street institutions to arrange $60 billion in chip financing for Anthropic, while SpaceX is said to be seeking $40 billion for NVIDIA chips. NVIDIA itself has announced a $500 billion cooperation framework with six major lenders. Chip manufacturers Broadcom and NVIDIA are providing "backstop" commitments, enabling related debt transactions to achieve investment-grade ratings and significantly lowering financing costs. However, CoreWeave's corporate-level junk bonds recently experienced a sharp decline, with yields climbing to approximately 15%, reflecting deep market skepticism about the commercial returns of AI.