Nvidia partners with six major financial firms to mobilize over $500 billion for AI infrastructure

Published Aug 11, 01:53 PM UTC

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Nvidia announced partnerships with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR to establish independent computing financing platforms for its customers, aiming to mobilize over $500 billion in third-party capital for AI infrastructure. Wells Fargo analyst Aaron Rakers reiterated an Overweight rating with a $315 price target, viewing the move as expanding Nvidia's role beyond GPU sales. The financing platforms could help Nvidia develop a recurring revenue model, though risks include contingent liabilities and potential market pullbacks, as noted by Apollo's president and Goldman Sachs' CEO. Hedge fund holdings in Nvidia rose to 275 from 264 in the prior quarter.

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Yahoo FinanceWestern

Original headline: Nvidia (NVDA) Is Going Beyond GPUs in the $500 Billion AI Boom, Wells Fargo Says

Original language: EN-US

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