Nvidia Partners With Wall Street to Mobilize $500 Billion AI Fund

On August 10, 2026, Nvidia Corporation signed memorandums of understanding with six major financial institutions—Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR—to mobilize over $500 billion in third-party capital for AI infrastructure. The initiative seeks to transform AI compute from a project-by-project purchase model into a productive, investable asset class similar to power plants or toll roads. This framework allows AI labs, enterprises, and cloud providers to fund data centers and GPU clusters using institutional credit rather than their own balance sheets.

To attract investors and mitigate risks associated with rapid hardware depreciation, Nvidia may provide residual-value support for up to 25% of certain deals, potentially backstopping up to $125 billion. CEO Jensen Huang argues that the CUDA software ecosystem and the revenue-generating potential of AI factories make this compute durable infrastructure. BlackRock CEO Larry Fink compared the move to the emergence of mortgage-backed securities in the 1970s, calling it the next frontier for financial engineering.

While the plan aims to address concerns regarding circular financing by using independent capital, it has drawn criticism from analysts and investors. Some warn that the structure mirrors the asset-backed securitization that preceded the 2008 financial crisis, while others suggest that Nvidia's need to guarantee residual values signals a lack of market confidence in long-term hardware value.