Nvidia Calls Circular Financing ‘Once-in-a-Generation’ Magic Trick
KEY POINTS
- •Nvidia reported $96.2 billion revenue and $59.7 billion net income for the quarter ending July 26, topping Wall Street estimates.
- •CFO Colette Kress revealed the company remains supply constrained and projects over $100 billion revenue next quarter, a first in company history.
- •Nvidia defended its customer capital support strategy despite circular financing concerns, emphasizing excitement about 'once-in-a-generation companies.'
Nvidia just pulled a financial rabbit out of its $96.2 billion revenue hat, dazzling investors with a 70% growth forecast that sent shares zooming 4.4% in post-market action. CFO Colette Kress admitted they’re 'supply constrained,' which sounds like a polite way of saying GPUs are the new golden tickets—except instead of Willy Wonka, it’s CEO Jensen Huang scheming to bankroll OpenAI’s data centers and 'another frontier AI lab' with nearly two gigawatts of compute credit. Critics cried ‘circular financing,’ but Kress waved it off, calling involved companies both technology messiahs and future trillion-dollar titans, as if propping up an AI economy pyramid scheme was just another Tuesday in techland.
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(1 of 3)Nvidia’s plan to bankroll its own customers while calling it ‘once-in-a-generation leadership’ is like a kid lending allowance to themselves and bragging about the growth.
Imagine being so rich you fund your own tech hype circle and then tell critics it’s just innovative capitalism meets sci-fi sequel.
Nvidia’s facing a circular financing roast but like a magician, they’re turning fintech spaghetti into gold—now serving AI dreams by the gigawatt.
Source: Axios | Published: 8/26/2026 | Author: Nathan Bomey
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