Reuters reports NVIDIA developing $500 billion AI funding pact with Wall Street firms
This digest was compiled by AI from multiple sources — links to the originals are below.
NVIDIA is assembling a $500 billion funding partnership with Wall Street firms including Apollo Global and Blackstone to finance AI infrastructure, Reuters reported Monday. Shares of NVIDIA dropped more than 3% after the Financial Times first reported the talks. The disclosure coincided with Intel's $15 billion underwritten public offering to fund its own manufacturing expansion.
The Funding Group
Reuters reported that NVIDIA is working with Apollo Global, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR to structure the $500 billion package. The plan follows NVIDIA’s $25 billion bond issuance in June, its first debt market tap since 2021. The involvement of major alternative asset managers signals the scale of capital now required for AI infrastructure.
OpenAI Financing Talks
In July, NVIDIA was reported to be in discussions to provide roughly $250 billion in financing guarantees for OpenAI’s planned data center campus in southern Ohio. Separately, the company is also said to be in talks to help fund $350 billion in chip purchases for OpenAI. These potential commitments highlight NVIDIA’s deepening role in bankrolling the AI ecosystem.
Industry Capital Raising
Intel on Monday announced a $15 billion underwritten public offering of common stock to support its foundry expansion. TSMC posted July revenue of NT$467.58 billion, up 44.7% year-on-year, reflecting rising customer commitments without new capacity. The moves coincide with a projected $730 billion in combined AI spending by big tech this year, driving record semiconductor revenues.
What's Next
It remains unclear when or if the $500 billion partnership will be formalized, as NVIDIA has yet to comment publicly. Analysts warn that the rapid escalation in AI capital requirements could test the limits of private market funding, particularly amid tightening monetary conditions.
2 sources
Reuters reports NVIDIA developing $500 billion AI funding pact with Wall Street firms
