Nvidia's $500B AI financing deal, explained

Nvidia's 10 August 2026 announcement targets over $500 billion in third-party capital from Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, under memorandums of understanding that are

The widely reported 25% chip-value backstop appears nowhere in the press release; it comes from Jensen Huang's own commentary and applies project by project.

The structure lends against GPUs as collateral, so its soundness depends on how long a data-centre GPU keeps earning, the exact figure Huang and Michael Burry disagree on.

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