Nvidia Taps Wall Street for $500B AI Bet: Stock Falls as Investors Question Demand

Nvidia shares fell as it partners with six Wall Street giants to raise $500 billion for AI build-out. (Credit: Nvidia)

Nvidia announced a new financing initiative on Monday, 10 August, with six of Wall Street's most powerful asset managers signing on. The company's stock fell anyway.

The Santa Clara, California-based chipmaker said it had partnered with Apollo Global Management, Blackstone, BlackRock's Global Infrastructure Partners (GIP), Brookfield Asset Management, Goldman Sachs Group, and KKR & Co. to establish a series of independent AI compute infrastructure financing platforms. The goal, Nvidia says, is to mobilise more than $500 billion in third-party capital for AI infrastructure development over time.