A group of financial firms is working with Nvidia on a $500bn funding package for AI infrastructure. The group covers Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR.
The Financial Times reported the talks first. Bloomberg confirmed them with people familiar with the matter. A deal could land as early as Monday.
The market did not read it as good news. Nvidia shares fell as much as 3.2% on Monday. They traded at $219.01 in the early New York afternoon, down 2.2% on the day.
The caveat is the story
Almost nothing about the package is settled. Bloomberg’s sources could not say which projects or companies the funding would back, or what form it would take. They also could not say whether the $500bn is new money at all.
