Nvidia (NVDA) Stock Climbs as Jensen Huang Pulls Off a $500B Wall Street Play
TLDR
- Nvidia has partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise over $500 billion for AI infrastructure financing.
- Nvidia CEO Jensen Huang said the company may backstop up to $125 billion, or 25% of potential deals.
- NVDA stock was up 1.6% at $220.94 in premarket Tuesday, after falling 2.9% on Monday.
- Cathie Woodโs ARK Invest bought 122,422 NVDA on Monday across various ETFs.
- Wedbush analyst Matt Bryson said the fund โlikely supports Nvidiaโs leadership and growth away from hyperscalers.โ
Nvidia stock climbed 1.6% to $220.94 in premarket trading Tuesday, recovering from a 2.9% drop on Monday when the company first announced its half-trillion-dollar financing initiative.
The plan involves partnering with six major financial institutions to create compute financing platforms. Those partners are Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR.
The goal is to raise more than $500 billion in third-party capital to fund AI infrastructure built around Nvidia hardware.
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