Nvidia raises $500bn from six Wall Street giants for AI buildout
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- Nvidia struck deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise $500bn (£370bn) in capital for AI infrastructure projects including new data centres and chip factories.
- The consortium is treating AI hardware and infrastructure — known as "compute" — as a formal asset class for the first time, according to the source.
- Jensen Huang framed the partnership as a structural shift, declaring "In AI, compute is revenue" and positioning Nvidia as building "AI factories" alongside its chip-making roots.
- Major tech buyers of Nvidia GPUs — Google, Meta, Amazon, Microsoft, SpaceX, Tesla, OpenAI and Anthropic — have collectively spent more than $1tn on AI projects and infrastructure over the past three years.
- Nvidia's market value has risen five-fold in three years on chip demand, and Huang said the new financing lets the company "finance more of the AI boom" beyond what it could fund alone.
- Related parallel deals underscore the trend: BlackRock took a majority stake in a Texas data centre with Meta last month, while Anthropic signed its own infrastructure deal with Macquarie and GIC, citing Claude's surging demand.
- KKR's co-CEOs stressed execution risk over ambition: "As we've scaled our approach to digital infrastructure, we've learned that delivery, not ambition, is the hard part."
Why it matters: Wall Street is now willing to underwrite AI chips and data centres the way it underwrites real estate and power plants — and with tech buyers already past $1tn in cumulative AI spending and Nvidia's valuation up five-fold in three years, the bottleneck for the AI buildout is shifting from demand to financing capacity.
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