Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR are set to mobilize over $500 billion for AI infrastructure. To make the math work, Nvidia is guaranteeing a portion of the residual value of its own chips. Critics like investor Michael Burry consider the long-term value of those chips one of the biggest weak spots in the AI boom.
Nvidia has signed letters of intent with six major financial firms to mobilize more than $500 billion in third-party capital for data centers, chip factories, and power plants. The partners are Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR. According to the Financial Times, which broke the deal, Nvidia's stock dropped about 1.4 percent afterward, wiping out more than $70 billion in market cap.
Nvidia CEO Jensen Huang described the move on X as a shift from one-off projects to repeatable financing platforms. "AI factories" should be fundable as productive infrastructure, similar to power grids or transportation networks. Many AI companies have demand for compute but can't access capital at the scale they need. Huang was clear that the $500 billion is an aggregate target spread over years, not Nvidia revenue, not a single fund, and not a commitment to any one customer. Nvidia didn't share terms, individual commitments, or a timeline.
