NVIDIA Corp. CEO Jensen Huang speaks during a joint press conference with representatives of Fujitsu Ltd., FANUC Corp. YASKAWA Electric Corp. and Kawasaki Heavy Industries Ltd. on July 16, 2026, in Tokyo, Japan.
Tomohiro Ohsumi | Getty Images
Nvidia is attempting to turn its artificial intelligence chips into Wall Street’s newest asset class, partnering with six large asset managers on a $500 billion financing push designed to treat compute infrastructure much like commercial real estate, toll roads or other assets you can borrow against.
The chipmaker signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR to establish financing platforms for Nvidia’s customers, the company said Monday in a statement.
The effort aims to mobilize more than $500 billion in third-party capital, marking a potentially important shift in how hyperscale AI buildouts are funded. By using institutional credit, insurance funds and private equity to underwrite GPU clusters and data centers, Nvidia is helping its end-users secure massive financing without tapping their own balance sheets.
“Nvidia has reached an important milestone. We began by building chips; today, we are helping create a new class of productive, investable infrastructure: AI factories,” Nvidia founder and CEO Jensen Huang said in a statement. “In AI, compute is revenue. NVIDIA compute is uniquely suited for this role.”
Huang said that because Nvidia’s hardware and software platform are broadly adopted, flexible and transferable across customers, lenders can reliably underwrite compute as a revenue-generating asset with an extended life.
Alternative asset managers have been eager to deploy capital into digital infrastructure, tapping institutional and insurance capital to finance projects. Apollo and Blackstone, among others, have already structured debt and equity financing for companies including Anthropic as AI companies deal with large capital expenditure requirements.
Leaders across the Wall Street syndicate — including BlackRock CEO Larry Fink, Blackstone President Jon Gray and Goldman Sachs CEO David Solomon — said in the Nvidia release that modern compute has rapidly evolved into a mission-critical asset class driving the next leg of global economic growth.
This story is developing. Please check back for updates.
