topstockalerts
Aug 11, 1:45 PM
The first three-plus years of the artificial intelligence build-out have been paid for through record amounts of equity and debt issued by the world’s leading tech companies, some of whom are spending so much of their existing capital that they’ve turned cash-flow negative.
Nvidia
CEO Jensen Huang just revealed what he expects to be the next phase of financing, backed not by corporate balance sheets, but by Wall Street’s top power brokers.
In an interview with CNBC on Monday, Huang called his plan a “big concept,” unveiling it on camera alongside leaders from Goldman Sachs
, BlackRock
, Blackstone
, KKR
, Apollo
and Brookfield
. Together, those firms say they’re willing to raise
$500 billion, and potentially more, for the construction and buildout of new AI factories, as chipmakers and hyperscalers race to meet seemingly endless demand.
$NVDA $BLX
