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Nvidia taps Wall Street for $500 billion funding commitment
['Silla Brush', 'Ian King', 'Todd Gillespie']
Fortune | FORTUNE
US investment giants including Apollo Global Management Inc., Blackstone Inc., BlackRock Inc. and Brookfield Asset Management are partnering with Nvidia Corp. to source $500 billion in financing for artificial intelligence infrastructure.
“We are bringing the world’s leading long-term capital providers together to independently underwrite AI infrastructure,” Huang said in the statement.
As the only bank in the partnership, Goldman Sachs is positioning itself to be the lead bookrunner on the public debt deals coming to market for the deal.
It would easily be among the chipmaker’s biggest financing deals with a customer.
Wall Street firms have similarly poured hundreds of billions of dollars into financing the worldwide AI data center boom, directly investing in sites and buying the companies that operate them.