Nvidia just lined up $500 billion in funding from some of the biggest financiers in the world. Does this mean compute is now its own asset class? Plus, analysts warn the Iran war could merge with the Russia-Ukraine war. Could the US end up pulling out of the Middle East altogether? And existing home sales dropped in July. Are buyers starting to get the upper hand?<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Compute an Asset Class?, Two Wars Becoming One?, and Existing Home Sales Slump  8/11/26

The Exchange

Thank you very much, Scott. Stocks are edging lower ahead of tomorrow's CPI report. I'm Kelly Evans and welcome to The Exchange. Shares of NVIDIA are in focus today as they're quietly putting together an 18% year-to-date gain after a splashy announcement on our air last night. The company bringing together some of the biggest financiers in the country for a half-trillion-dollar commitment to fund the AI build-out. Is Compute now its own asset class? We'll tackle that and whether it's a good investment.

Plus, the latest on Iran as analysts warn it could merge with the Russia-Ukraine war. Could the U.S. end up pulling out of the Middle East altogether? Michelle Caruso Cabrera is here to weigh in. And shares of On Holding, the parent company of On Footwear, plunging 20% today. After Randy Connick at Jeffries warned us last week here on this program that it was overvalued at his biggest short call. But let's begin with this massive move by NVIDIA to line up half a trillion dollars in financing commitments

from some of the biggest names in the business and to make its chips into basically a new asset class. We used to build chips that we sell, and these are technology components that people buy and use. But now, NVIDIA's AI factory platform is really an investable asset, an infrastructure asset. I look at the financing of data centers.

This is the very beginning, like what it was when I started in the mortgage-backed securities market in the 1970s. And I look upon this as a next future for financial engineering. One of the things Goldman Sachs brings to the table is we have an extraordinary distribution network. So we obviously bring capital, but we also bring a very, very unique distribution network.

Compute an Asset Class?, Two Wars Becoming One?, and Existing Home Sales Slump 8/11/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Compute an Asset Class?, Two Wars Becoming One?, and Existing Home Sales Slump 8/11/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.