Nvidia galvanises $500bn to tackle data centre "circular financing"

Nvidia has established independent compute financing platforms with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to support $500 billion in AI data centre projects, addressing concerns about circular financing. CEO Jensen Huang announced the move on X, calling it the beginning of an open capital market for AI infrastructure. Nvidia reported $82 billion in revenue for Q1 FY27, up 85% year-on-year.

NVIDIA /tag/nvidia/ Nvidia is set to invest billions more into the AI data centres driving its success, but it's convinced five of Wall Street’s biggest firms to "independently" finance $500 billion worth of capital in a push against "circular financing" worries. The chipmaker has established independent “compute financing platforms” with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to support data centre projects at AI labs and cloud companies. Posting on X on Monday https://x.com/JensenHuang/status/2086934705207959965?ref=thestack.technology , CEO Jensen Huang said the move marked “the beginning of an open capital market for AI infrastructure”, emphasising that financing decisions would be made independently by the investors. He said the agreement was designed to address concerns of “ circular financing https://www.bloomberg.com/graphics/2026-ai-circular-deals/?ref=thestack.technology ” in the sector, the idea that hardware and cloud companies like Nvidia and Microsoft are propping up the AI labs and neoclouds that then buy their chips or cloud services. Nvidia recorded $82 billion in revenue in its Q1 FY27 earnings https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2027?ref=thestack.technology report in May, up 85% year-on-year. Business beyond hyperscalers Get the full story: Subscribe for free Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events. Subscribe now https://www.thestack.technology/membership/ Already a member? Sign in https://www.thestack.technology/signin/