The problems of the basketball moguls on Wall Street
Los problemas financieros de algunos de los grandes propietarios de la NBA contrastan con la nueva gran apuesta de Wall Street: financiar el auge de Nvidia y la inteligencia artificial. Leer
Several NBA team owners, including Mark Walter, owner of the Los Angeles Lakers, and Mat Ishbia, owner of the Phoenix Suns, are facing financial difficulties. Walter is being investigated by authorities over his life insurance empire's private credit holdings, and Ishbia's mortgage company, United Wholesale Mortgage (UWM), recently reported a $603 million loss.
Meanwhile, Wall Street is investing heavily in Nvidia and artificial intelligence, with a $500 billion plan to finance Nvidia's clients by buying and leasing out its chips. This plan involves major financial players such as Blackstone, BlackRock, and Goldman Sachs.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
