Nvidia's $250 Billion Backstop: Circular Financing, a Uranium Site in Ohio, and the Bill for a 10 Gigawatt Bet - July 27, 2026

Nvidia's $250 Billion Backstop: Circular Financing, a Uranium Site in Ohio, and the Bill for a 10 Gigawatt Bet The Wall Street Journal reported that Nvidia is in talks to guarantee roughly $250 billion in financing for OpenAI's 10 gigawatt data center campus in Piketon, Ohio, rising on the site of a former Cold War uranium enrichment plant. Chris and Laura unpack what a backstop actually is, why the most in-demand company on the planet needs a co-signer, and whether the $800 billion in circu...