NVIDIA Inks USD500B Financing MOUs w/ 6 Wall Street Firms to Help Clients Procure Nvidia Chips
NVIDIA Corporation (NVDA.US) signed memorandums of understanding (MOUs) with Apollo Global Management, Inc. (New) (APO.US), Blackstone Inc. (BX.US), BlackRock, Inc. (BLK.US), Brookfield Asset Management Inc (BAM.US), Goldman Sachs Group (GS.US) and KKR & Co. Inc. (KKR.US) to establish a "compute financing platform" aimed at deploying more than USD500 billion of capital over the coming years to help provide financing for customers purchasing computing power.
The initiative aims to mobilize more than USD500 billion of third-party capital for hyperscale cloud service providers, frontier AI laboratories and enterprises to build data centers and acquire NVIDIA hardware, marking a potentially major shift in how AI infrastructure is financed.
By leveraging institutional credit, insurance capital and private capital to back GPUs and data centers, NVIDIA is helping end users secure financing without touching their own balance sheets.
These companies said the platform will provide funding to NVIDIA customers at attractive interest rates. NVIDIA CEO Jensen Huang said these financing platforms will help customers access computing power at scale and build AI factories.
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AASTOCKS Financial News
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