Nvidia partners with Wall Street giants on $500 billion AI infrastructure financing deal

The $500 billion deal

Nvidia has reached an agreement with a consortium of six of Wall Street's largest financial groups to assemble a $500 billion funding package for AI infrastructure development, the Financial Times reported on August 10, 2026, citing five people briefed on the talks. The consortium includes Apollo Global Management, Blackstone, BlackRock's Global Infrastructure Partners unit, Brookfield Asset Management, Goldman Sachs, and KKR. The Financial Times reported that the deal could be announced as soon as Monday, August 10. Handelsblatt, citing the same report, specified that the companies are negotiating with Nvidia over a participation in the expansion of AI infrastructure and that a corresponding agreement could be made public the same day. The Wall Street Journal confirmed that Nvidia had reached a deal with the firms to help raise the $500 billion target.

Nvidia's role in the AI build-out

The partnership reflects Nvidia's growing efforts to raise capital for itself and its clients to continue assembling the chips, power production, and data centers at the heart of the AI boom. Nvidia, with a market capitalization of approximately $5.250 trillion as reported by Il Sole 24 ORE, has positioned itself at the center of the AI expansion by supplying chips, infrastructure, and software to a wide range of partners developing the technology. The chipmaker frequently provides financial support to help its AI partners raise debt in capital markets, which in turn contributes to increasing Nvidia's own revenue.

Nvidia's stock was down approximately 2.4% at the time of reporting, according to Il Sole 24 ORE, while the Wall Street Journal cited a decline of 2.45%. Apollo Global Management's shares rose 2.29%, and BlackRock's fell 0.74%, the Wall Street Journal reported.

Private capital flows into AI

The deal illustrates how Nvidia is building relationships with what the Financial Times described as the giants of the private capital industry, which are collectively preparing to invest trillions of dollars of their insurance, retail, and institutional investor assets into AI infrastructure. In recent years, private capital groups such as Apollo and Blackstone have structured AI infrastructure deals to help companies like Anthropic finance their heavy spending on chips and data centers. The Financial Times characterized the arrangement as one of Wall Street's most ambitious lending efforts to date. The partnership involves firms that the Financial Times described as the world's largest financial groups.

Risk concerns and silence from parties

The circular nature of these operations has raised concerns about concentrated risks in the sector, as noted by Il Sole 24 ORE. The chipmaker's practice of providing financial support to help AI partners raise debt, which in turn contributes to increasing Nvidia's own revenue, forms the basis of those concerns. None of the involved parties responded to requests for comment from the Financial Times. Apollo, Blackstone, Brookfield, BlackRock, Goldman Sachs, and KKR did not immediately respond, and Nvidia likewise did not comment.