Nvidia teams up with Wall Street asset managers on $500 billion AI infrastructure push
The consortium would back AI data centers, power and chip purchases as Nvidia seeks to widen access to scarce computing capacity.
- On Aug 10, Nvidia partnered with financial firms Apollo Global and Blackstone to assemble a $500 billion funding package for AI infrastructure development, a person familiar with the matter told Reuters.
- Big Tech companies signaled that spending on artificial intelligence will not slow down, with combined outlays projected to surpass $730 billion this year, driving demand for massive capital investment.
- The Financial Times reported the funding group includes BlackRock, Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR, negotiating to partner with Nvidia on the large-scale build-out.
- Nvidia shares fell over 3% in afternoon trading, while BlackRock and KKR declined to comment to Reuters; the deal could be announced as early as today.
- This effort follows Nvidia's $25 billion bond issuance announced in June, which increased liquidity for the first time since 2021, demonstrating the company's sustained capital-raising strategy.
202 Articles
202 Articles
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Wall Street Supercharges Nvidia’s $500B Gamble
Nvidia’s new half-trillion-dollar financing push turns AI buildout into a Wall Street-backed machine, and that should make taxpayers and investors pay close attention. Quick Take Nvidia says it signed preliminary agreements with six major financial firms to mobilize more than $500 billion. The plan is meant to help customers finance AI data centers, compute, and...
Nvidia Taps Wall Street for $500 Billion AI Infrastructure Push
Nvidia is teaming up with some of Wall Street’s biggest financial groups to unlock more than $500 billion for AI infrastructure. The company announced strategic partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish independent compute financing platforms. According to Nvidia’s official announcement, the platforms aim to mobilise more than $500 billion of third-party capital over time. There’s an importan…
From Nvidia’s investment vehicle worth $500 billion to $1.7 trillion in debt kept off the books: the amounts that large...
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