Nvidia secures $500B for chip financing, joins private credit roundup

Nvidia just convinced six of Wall Street’s biggest names to commit to raising more than $500 billion in third-party capital, all so companies can finance the purchase of its chips the way they’d finance a skyscraper. The partners: Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR. The initiative, formalized through memorandums of understanding signed on August 10, targets hyperscalers, frontier AI labs, and enterprises that need GPUs and data centers but would rather not torch their balance sheets to get them. Instead of buying hardware outright, these companies can tap asset-backed lending structures powered by institutional credit, insurance funds, and private capital. How the deal actually works Nvidia’s own financial exposure is reportedly minimal. Nvidia isn’t writing checks here. It’s providing the collateral thesis: its GPUs are durable, high-demand assets that retain value long enough to underwrite loans against them. Each of the six partner firms will independently assess deals and deploy capital from their own pools. Nvidia CEO Jensen Huang has been framing the company’s chips as an “investable asset,” drawing a direct comparison to commercial real estate....