Nvidia announced partnerships with six Wall Street giants, including Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR, to create independent financing platforms designed to mobilize over $500 billion in third-party capital. The goal is to fund data centers and power generation facilities for Nvidia’s customers without direct cash commitments or balance sheet liabilities. The company may, however, backstop up to 25% of the financing, roughly $125 billion. Nvidia’s stock dipped slightly after the announcement due to concerns over circular financing risk, though Bank of America views the structure as protecting Nvidia’s free cash flow generation.
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