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Nvidia CEO Huang: Chips become investable asset class as 6 asset managers join $500B AI push
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Nvidia CEO Jensen Huang announced a partnership with six major Wall Street asset managers—Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR—to unlock over $500 billion in financing for AI infrastructure. Huang stated that this marks the first time technology chips have become an investable asset class, describing Nvidia's GPUs as revenue-generating, long-lived, and flexible infrastructure akin to electricity or the internet. The initiative aims to help hyperscalers and AI labs finance data centers and hardware through institutional credit and private investment rather than relying solely on balance sheets. Separately, Bank of America reiterated Nvidia as a 'top pick' with a $350 price target, projecting Q2 revenue of $94-95 billion and Q3 guidance above consensus estimates. Nvidia reported Q1 revenue of $81.6 billion, an 85% year-over-year increase.
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By Ananya Gairola Wed, August 12, 2026 at 8:31 AM PDT 5 min read
Tickers: NVDA | BLK | APO | BAM
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On Monday, Nvidia Corp. announced it is partnering with six of Wall Street's largest asset managers to unlock more than $500 billion in financing for AI infrastructure. Jensen Huang argued that the company's chips have evolved into "revenue-generating assets."
Nvidia Wants AI Chips to Become a New Asset Class
Nvidia signed memorandums of understanding with Apollo Global Management, BlackRock Inc., Blackstone Inc., Brookfield Asset Management, Goldman Sachs, and KKR & Co. Inc. to create financing platforms for its customers.
The initiative is designed to help hyperscalers, AI labs, and enterprises finance data centers and Nvidia hardware through institutional credit, insurance capital, and private investment — rather than relying entirely on their own balance sheets.
Huang said the push marks a major shift in how investors should view AI computing.
"This is really the first time that technology chips have become an investable asset class," Huang told CNBC. "These are revenue-generating assets now. They're productive, they're long-lived, they're fungible, they're flexible."
Jensen Huang Sees GPUs as Infrastructure
Huang argued that Nvidia hardware can be financed much like traditional infrastructure because its chips are widely used and can be deployed across different customers and workloads.
"Fundamentally, what's different about this industry and this way of doing computing is that the computer is now part of the infrastructure, like electricity, like the internet, and so you have to think about it like it's infrastructure," Huang told the publication.
Nvidia Q2 Earnings Outlook Gets Bullish Upgrade
Nvidia is set to report its second-quarter results on Aug. 26.
In a note published Monday, Bank of America analyst Vivek Arya reiterated Nvidia as a "top pick" and set a $350 price target, implying 56.3% upside from the stock's $223.96 price at the time.
BofA expects Nvidia to post quarterly revenue of $94 billion to $95 billion, roughly $3 billion to $4 billion above the company's $91 billion guidance.
The bank also projects third-quarter guidance of $107 billion to $108 billion, topping the consensus estimate of about $104 billion.
Nvidia reported first-quarter revenue of $81.615 billion in May, an 85% year-over-year increase that surpassed Wall Street's $78.796 billion estimate.
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Nvidia Partners with Wall Street Giants for $500 Billion AI Infrastructure Financing