Nvidia partners with Wall Street firms to raise $500 billion for AI infrastructure financing

Nvidia Corp. has partnered with six major Wall Street firms, including BlackRock and Goldman Sachs, to establish financing platforms aimed at raising over $500 billion for artificial intelligence infrastructure. Nvidia CEO Jensen Huang characterized AI compute as a new investable asset class. However, the announcement triggered a 2% drop in Nvidia's stock on August 10, 2026, as investors raised concerns over circular financing and the financial stability risks of debt-fueled AI spending.

Nvidia Wall Street financing partnership

• ▪Nvidia Corp. partnered with six major financial institutions—Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR—to launch compute financing platforms aimed at raising over $500 billion in third-party capital for artificial intelligence infrastructure.
• ▪Nvidia Corp. signed memorandums of understanding with the six financial firms on August 10, 2026, but did not disclose the specific financial terms, individual investment commitments, or a deployment timetable.
• ▪Nvidia Corp. Chief Executive Officer Jensen Huang stated in an August 2026 CNBC interview that he approached only six Wall Street firms for the $500 billion commitment, and none turned him down.

AI infrastructure asset class

• ▪Nvidia Corp. Chief Executive Officer Jensen Huang characterized artificial intelligence compute as an investable, productive, and long-lived infrastructure asset class, comparing it to electricity or the internet.
• ▪BlackRock Inc. Chief Executive Officer Larry Fink described the Nvidia Corp. partnership as the start of the next future for financial engineering, comparing it to the creation of mortgage-backed securities in the 1970s.
• ▪Apollo Global Management Inc. President Jim Zelter stated that modern compute has emerged as a scarce, mission-critical asset class with compelling investment characteristics.

Debt financing customer access

• ▪Nvidia Corp. Chief Executive Officer Jensen Huang stated on X that Nvidia Corp. has the option to backstop up to 25% of an opportunity, representing up to $125 billion of the potential deals.
• ▪Goldman Sachs Group Inc. is positioning itself to act as the lead bookrunner on the public debt deals arising from the Nvidia Corp. partnership.
• ▪The Nvidia Corp. financing platforms will focus on debt financing, using compute power as collateral to lease compute to clients through private offerings and special-purpose entity bonds.

AI spending market scale

• ▪Combined capital expenditures on artificial intelligence by Big Tech companies are projected to surpass $730 billion in 2026.
• ▪Nvidia Corp. was reported to be in private discussions to finance $350 billion of OpenAI's purchases of Nvidia Corp. chips for the Ohio data center project.
• ▪Nvidia Corp. was reported in July 2026 to be in discussions to backstop up to $250 billion to help OpenAI lease computing power from a planned 10-gigawatt SoftBank Group Corp. data center hub in Ohio.

Stock market investor concerns

• ▪The Bank of England warned in its July 2026 financial stability report that rapid debt-financed artificial intelligence infrastructure investments could pose risks to global financial stability if companies fail to deliver sustainable profits.
• ▪Investors and analysts expressed concern over circular financing, where a supplier funds its own customers to buy its products, potentially inflating demand and valuations.
• ▪Nvidia Corp. stock fell more than 2% to approximately $218 on August 10, 2026, following the announcement of the $500 billion financing partnership.