Nvidia, Wall Street firms partner on $500 billion AI financing venture, source says

Nvidia, Wall Street firms partner on $500 billion AI financing venture, source says

Isla Binnie and Juby Babu

Mon, August 10, 2026 at 7:34 PM GMT+3 1 min read

By Isla Binnie and Juby Babu

Aug 10 (Reuters) - A group of financial firms, including Apollo ‌Global and Blackstone, is working with Nvidia ‌to put together a $500 billion funding package for AI infrastructure ​development, a person familiar with the matter told Reuters on Monday.

Nvidia's shares fell over 3% in afternoon trading.

The tie-up highlights Nvidia's efforts to raise capital ‌for the chips, ⁠power generation and data centers underpinning the AI boom.

Big Tech companies have signaled ⁠that spending on AI would not slow down, with combined outlays set to surpass $730 billion this ​year.

The group, ​which also includes BlackRock's ​Global Infrastructure Partners, Brookfield ‌Asset Management, Goldman Sachs and KKR, is in talks to partner with Nvidia on the AI build-out, according to the Financial Times, which reported the development first.

BlackRock and KKR declined to comment ‌when contacted by Reuters, while ​Nvidia and the other companies ​did not immediately ​respond to requests.

Nvidia said in June ‌it would raise $25 billion through ​a U.S. ​bond issuance, as it taps the debt market to increase liquidity for the first time ​since 2021.

(Reporting ‌by Isla Binnie in New York and Juby ​Babu in Mexico City; Editing by Jonathan ​Ananda and Shinjini Ganguli)