$500B Wall Street AI Financing Consortium

Nvidia partnered with Apollo, Blackstone, BlackRock, Brookfield, Goldman, KKR on a $500B AI infrastructure financing venture. Stock dropped 3% on the news, indicating market skepticism. Credit market signals show CDS widening to 77.5 bp, highlighting financing costs as a real variable. The deal is being framed as securitization, spreading risk across insurers and pensions, but raises circularity and over-exuberance risks.