Jensen Huang Calls GPUs a New Asset Class as Nvidia Partners with Wall Street to Raise $500B
GaryMarcus · x · 2026-08-12
Nvidia announced memorandums of understanding with six major private capital firms—including Apollo, Blackstone, BlackRock, Goldman Sachs, and KKR—to raise over $500 billion. This initiative aims to help its customers, such as OpenAI, purchase Nvidia chips.
Jensen Huang is positioning GPUs as a "new investable asset class," akin to real estate or toll roads. This financing mechanism allows AI companies to acquire hardware without putting the debt on their own balance sheets.
Commentators warn this mirrors the strategy used by Lucent and Nortel in the late 1990s, where vendors lent money to customers to buy their equipment to sustain revenue growth—a play that ended in the largest corporate bankruptcies of that era.
More from Venture
- Bittensor subnet revenue up 40% in a month, now $50M ARR — markjeffrey · 2026-10-03
- PowerShell creator Jeffrey Snover: AI inference costs collapsed, would short frontier models — dfinke · 2026-10-03
- Solo dev's AI video tool hits $3,056 in 5 days with zero ad spend — gefei55 · 2026-10-03
- Agent-Native Sandbox Startup Grows 50.9% Monthly With Team Under 30 — pzakin · 2026-10-03
- New site indexed and getting clicks in 48 hours: the SEO playbook shared — iannuttall · 2026-10-03
- JERA, Dell, RHAELM Plan $15B, 400MW AI Factory Next to a Power Plant in Chiba, Japan — IanAndrewsDC · 2026-10-03