Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTFatima GulzarWed, August 26, 2026 at 7:49 PM GMT+2 4 min readNVIDIA Corporation (NASDAQ:NVDA) is trying to turn its AI chips into an entirely new asset class. The company announced partnerships with six major financial firms, Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR, to launch "compute financing platforms" aimed at raising more than $500 billion in outside capital for AI infrastructure. CEO Jensen Huang said Nvidia could backstop up to $125 billion, or 25%, of the potential deals.Blackstone Inc. (NYSE:BX) President Jon Gray said on CNBC that AI compute will be seen as a "financeable asset class," much like how mortgage lenders assess homes.Why This MattersNvidia is trying to make Wall Street treat AI chips as bankable infrastructure right as skepticism about AI spending is rising.That leaves a real tension: is this smart financial engineering that unlocks the AI buildout, or a sign the industry needs increasingly creative ways to keep the spending machine running?NVIDIA Corporation (NVDA) & Blackstone Inc. (BX): Nvidia Wants Wall Street to Lend Against AI Chips Like They're MortgagesThe Bull and Bear Case: NvidiaCEO Huang argues that because NVIDIA Corporation (NASDAQ:NVDA)'s hardware is broadly used and transferable across customers, lenders can reliably treat compute as a long-lived and revenue-generating asset rather than rapidly depreciating equipment. Nvidia widens the pool of buyers who can afford its chips without footing most of the capital bill itself by helping customers finance purchases off their own balance sheets. The move follows Nvidia's existing SK Hynix memory partnership and a reported deal to guarantee financing for a 10-gigawatt Ohio data center leased to OpenAI. It is part of a broader pattern of Nvidia actively engineering both supply and demand at once.However, commentators, including an FT column, have flagged "circular financing" concerns, the risk that Nvidia is effectively financing its own demand, which could obscure how healthy the underlying AI economics really are. NVIDIA Corporation (NASDAQ:NVDA) shares actually fell after the deal was first reported, erasing more than $70 billion in market value, suggesting some investors read it skeptically rather than as good news outright. The announcement also comes weeks after a July market swoon in which investors openly questioned whether trillions in AI capital spending will ever pay off, and after Moody's warned that heavy capex is squeezing free cash flow and pushing tech giants toward more debt.The Bull and Bear Case: BlackstoneBlackstone Inc. (NYSE:BX) gets a front-row seat to structuring what its president calls a new financeable asset class at a moment when AI compute demand across Blackstone's portfolio companies has already surged sevenfold this year. The firm has prior experience financing AI infrastructure for companies like Anthropic. This gives it a head start in building similar Nvidia-backed products. Blackstone joined a $500 billion project as one of only six partners. The company plans to invest a huge amount of money into the effort. BlackRock CEO Larry Fink compared this moment to the creation of mortgage-backed investments back in the 1970s.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info