Prof G Markets · Wednesday, August 12, 2026
Jay Goldberg, an analyst at Seaport Global Securities, expressed uncertainty about the specifics of Nvidia's $500 billion financing arrangement, noting that the agreements are not yet finalized and past MOUs have shifted significantly. He raised concerns about potential circular financing, where Nvidia provides funds to customers to buy its own products, which makes some investors uncomfortable.
“We don't know a lot. There's a lot of unknowns in here.”
“And I think it's worth pointing out that in the press release, it actually is very clear that the agreements are not finalized. So they don't know what the details are yet.”
“Yeah, I mean, the the term that jumped out to me was memorandum of understanding. I've heard that before in a deal with Iran that turned out not to be a deal and turned out to be uh, a little bit of a disaster.”
“So Nvidia is a company that uh, cares a lot about its image and likes to keep people excited. And so they put out this press release. I'm curious, I don't know why they did it now.”
“Yeah, I think there is an undercurrent among some investors, not all, but certainly sizable chunk of investors who are worried about circular financing.”