Nvidia enlists Wall Street PE giants to fund $500B AI buildout
Nvidia to team with Wall Street on US$500 billion package for AI infrastructure projects (external)
If the reported $500 billion package lands, private-capital giants become the balance sheet for the AI datacenter buildout, and Nvidia's role as both chip vendor and financier tightens the circular-financing risk investors are already pricing.
- The Financial Times, citing unidentified sources, reports Nvidia is in talks with Apollo Global Management, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR on roughly $500 billion in AI infrastructure funding.
- FT says the deal may be announced as soon as Monday; the named firms and Nvidia did not respond to requests for comment, so nothing is confirmed by the parties.
- Nvidia shares fell as much as 3.2% on the report.
Full summary
The Financial Times reports that Nvidia is in talks with a group of US investment firms, including Apollo, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield, Goldman Sachs, and KKR, to fund about $500 billion in AI infrastructure projects, with an announcement possible as soon as Monday. The report is sourced to unidentified people; the named firms and Nvidia did not comment, and Nvidia shares fell as much as 3.2%. The move follows Nvidia's expanded SK Group partnership (over $500 billion in mutual business) and reported talks to backstop up to $250 billion for OpenAI's datacenter compute lease. The article notes investor concern that Nvidia's many large ecosystem deals are circular and may inflate AI demand and valuations. All figures and participants remain unconfirmed pending an official announcement.