Nvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to stand up independent financing platforms targeting more than $500 billion of third-party capital for AI infrastructure. The capital funds Nvidia-based buildouts without landing on Nvidia's balance sheet.
Read the full story: Nvidia Got Wall Street to Fund $500B of AI Buildout →
Transcript
On August tenth, Nvidia signed agreements with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. The target: over five hundred billion dollars of outside capital for AI infrastructure. Jensen Huang says he asked exactly those six firms and none said no. But read what was actually signed. These are memorandums of understanding, not a pile of money waiting to be spent. And the platforms are independent, so the capital never touches Nvidia's balance sheet. That is the clever part. Nvidia's real problem was never demand, it was that its customers could not raise enough to buy. Vendor financing is how Lucent and Nortel got burned. This structure hands the credit risk to outside investors while Nvidia books an ordinary hardware sale. The open question is residual value. Nobody knows what a GPU is worth in year six.