Nvidia's Earnings Arrive Six Days After a Leaked $6 Billion Deal

On Thursday, August 20, the venture-capital newsletter Newcomer reported, citing sources, that Nvidia had agreed to pay the AI startup Poolside roughly $6 billion to license its "model factory," the software Poolside uses to train coding models. Bloomberg picked up the report the same day, describing it as a license rather than an equity stake. PYMNTS and The Next Web followed with their own reporting over the following days. According to Newcomer's sourcing, Poolside also closed a separate $1 billion equity raise around the same time, valuing the rest of the company at $12 billion. None of this has run through a joint press release, and as of this writing it has not appeared in a public securities filing.

Nvidia is reportedly set to report second-quarter fiscal 2027 results on Wednesday, August 26, after the closing bell. That filing is the audited, SEC-governed record of what the company actually spent. The reported Poolside arrangement surfaced roughly six days before that filing, through reporting rather than disclosure, which means the market has been trading on a number that has not yet been confirmed by Nvidia's own books.

According to The Next Web's reporting, the arrangement also involves Nvidia extending job offers to roughly 109 Poolside employees, rather than Poolside adding staff of its own. That detail, if accurate, suggests the deal has real operational moving parts, even though its paper trail remains outside the standard filing process for now.

Set that against how a results release like Nvidia's normally works. It moves through finance, legal and audit review, gets filed as an 8-K with the Securities and Exchange Commission, and typically arrives with a CFO commentary document that walks through revenue by segment, margins and guidance in specific line items. A commitment of the size reported around Poolside would ordinarily surface in that kind of document eventually, as a purchase obligation or a footnote on strategic investments.

Wednesday's report does not have to confirm the $6 billion figure to matter. It mainly has to show whether a number resembling it appears in Nvidia's own disclosures at all. If it does, the earlier reporting and the audited filing will have converged, and the gap between them will look like an ordinary lag between a sourced story and a scheduled one. If it does not, the reported deal will remain, for now, a number that lived in reporters' notes rather than in a document anyone at Nvidia had to sign.

We are treating the $6 billion figure, the $12 billion valuation and the 109-hire detail as reported by named outlets rather than as confirmed facts, pending Nvidia's own disclosures.

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