BREAKING: Circular financing reaches new heights
Things could get bad if this all falls apart
Yikes:
Per The Information’s newsletter
The stock slipped a bit on the news [217.55 at close, though up a bit this morning in premarket], as this handy chart from FT reports.
For your convenience, I have highlighted the scariest bits.
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Has Jensen Huang begun to overplay his hand?
Some people think so, like the financial journalist Holger Zschaepitz:
Holger Zschaepitz@Schuldensuehner
$500bn of Wall St money to help Nvidia's customers buy Nvidia chips. Jensen calls compute "an investable asset." This is the chart nobody put in the press release. NVDA 5Y CDS jumps by almost 6bps. The cost of insuring Nvidia debt has doubled since late May, from 41.6 to 77.5,
9:34 PM · Aug 10, 2026 · 19.4K Views
30 Replies · 78 Reposts · 336 Likes
Last words in this brief essay go to Jim Chanos, famous for calling the Enron collapse:
James Chanos@RealJimChanos
It’s not out of the realm of possibility that the next time these guys are all at the same table explaining AI financing is before Congress in 2031…
9:17 PM · Aug 10, 2026 · 103K Views
88 Replies · 80 Reposts · 786 Likes
PS Some other breaking new to watch: Nvidia is releasing a new version of its truly open-source (not just open-weight) Nemotron model, which is good for end users and developers but that could also ultimately undercut places like OpenAI and Anthropic with whom it has deals.
As Ed Zitron points out, none of these are actually deals, they are MOUs, Memoranda of Understanding, and will likely never happen. Just stock-juicing announcements.
Remember the Iran-US MOU? It didn’t happen either. Weasels in a sack.
This is going to be bad, isn't it?