英偉達執行長黃仁勳宣布，該公司正聯合高盛、黑石、阿波羅、KKR、貝萊德及博楓等華爾街巨頭，計劃為人工智慧運算交易提供總計高達5000億美元的融資。此舉旨在向投資者保證，有充足的資金支持英偉達的客戶——尤其是Anthropic和OpenAI等AI新創公司——購買其晶片，同時拓展超越微軟和亞馬遜等超大規模客戶的業務基礎。
該融資計劃目前尚無具體簽署的交易，公告內容刻意保持模糊。英偉達將為部分交易提供擔保，但其支持上限為單一項目的25%，且將逐案評估。資金將主要透過私人信貸市場籌集，但由於規模龐大，也需進入公開市場，預計將透過特殊載體發行債券，每筆可達數百億美元，用於向英偉達客戶租賃晶片。
此消息最初引發債券投資者的不安，擔心英偉達因循環融資模式而過度槓桿化。懷疑者指出，晶片估值可能因AI熱潮而被高估，且大規模基礎設施建設未來可能導致運算能力過剩。儘管如此，摩根大通等其他機構仍積極尋求參與，摩根士丹利更隨即宣布了一項1.5兆美元的美國創新與國家安全融資框架，顯示華爾街對AI基礎設施的融資熱情持續高漲。
Nvidia CEO Jensen Huang announced a consortium of major Wall Street firms—including Goldman Sachs, Blackstone, Apollo, KKR, BlackRock, and Brookfield—aiming to collectively finance $500 billion in AI computing deals. The initiative is designed to reassure investors that deep-pocketed financiers stand ready to back Nvidia's customers, particularly AI startups like Anthropic and OpenAI, as Nvidia seeks to diversify its client base beyond hyperscalers such as Microsoft and Amazon that are increasingly developing their own components. (Key numbers: 5000)
No deals had been signed at the time of the announcement, which was intentionally kept vague. Nvidia will guarantee a portion of transactions, capped at 25% per project and evaluated case by case. While much of the financing will flow through private credit markets, the sheer scale will also require tapping public markets via bonds—potentially tens of billions each—issued by special-purpose vehicles that lease chips to Nvidia's clients. The $500 billion figure has no set timeline and combines deals already under discussion with projected near-term demand.
The announcement initially unsettled debt investors worried about circular financing risks, given Nvidia's prior investments in clients like CoreWeave. Skeptics caution that chip valuations may be inflated by AI hype and that a massive infrastructure buildout could eventually produce an oversupply of computing capacity. Nonetheless, interest from other institutions remains strong—JPMorgan is exploring involvement, and Morgan Stanley promptly unveiled a $1.5 trillion framework for U.S. innovation and national security financing, with AI and advanced computing at the top of its agenda.