NVIDIA Corp. CEO Jensen Huang speaks during a joint press conference with representatives of Fujitsu Ltd., FANUC Corp. YASKAWA Electric Corp. and Kawasaki Heavy Industries Ltd. on July 16, 2026, in Tokyo, Japan.
Tomohiro Ohsumi | Getty Images
Nvidia is working with some of Wall Street’s largest asset management firms on a $500 billion effort to finance artificial intelligence infrastructure, a person familiar with the matter told CNBC Monday.
The chipmaker has enlisted Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners unit, Brookfield Asset Management, Goldman Sachs and KKR to assemble the capital package, according to the person, who spoke on the condition of anonymity because they were not authorized to speak publicly.
An announcement could be made as soon as Monday, the person said. The Financial Times first reported the deal.
The move highlights the growing role of private capital in financing the costs of the artificial intelligence boom. For Nvidia, the effort could help its biggest customers secure the financing needed to buy its high-end GPUs, build power-hungry data centers and lock in long-term electricity capacity.
Alternative asset managers have been eager to deploy capital into digital infrastructure, tapping institutional and insurance capital to finance projects. Apollo and Blackstone, among others, have already structured debt and equity financing for companies including Anthropic as AI companies deal with large capital expenditure requirements.
Representatives for Nvidia, Apollo, Blackstone, Brookfield, BlackRock, Goldman Sachs and KKR did not immediately respond to requests for comment.
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