Nvidia and Broadcom Target Billions to Finance AI Compute Capacity

Financing platforms, long-term capacity agreements and equity incentives are tying chipmakers and artificial intelligence developers together as companies secure the computing power needed to expand AI systems.

Nvidia said Aug. 10, 2026, that it signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish independent financing platforms. The platforms are intended to mobilize more than $500 billion in third-party capital over time.

The figure is a target for aggregate capital mobilization, not a single fund, customer commitment or Nvidia revenue. Nvidia founder and CEO Jensen Huang said the platforms would help customers access scarce computing capacity “at scale.”

“Today, NVIDIA compute is uniquely suited for this role,” Huang said.

Broadcom, Apollo and Blackstone announced the AI XPV Platform on June 9. The platform is designed to support more than 20 gigawatts of computing capacity through 2028 and launched with a $35 billion initial transaction involving more than 1 gigawatt of Anthropic-related infrastructure.

On Oct. 13, 2025, Broadcom and OpenAI announced a collaboration covering 10 gigawatts of custom AI accelerators. Deployments are targeted to begin in the second half of 2026 and finish by the end of 2029.

The arrangements connect chip suppliers, capital providers and AI customers through project financing, capacity commitments and equity-linked incentives. They can give suppliers more predictable demand while helping AI companies secure hardware and data-center capacity.

AMD has used equity incentives alongside its supply agreements. Under a 2025 GPU agreement, AMD issued OpenAI a warrant to buy up to 160 million AMD shares at $0.01 per share. Vesting depends on specified GPU-purchase and stock-price milestones.

AMD issued Meta a separate warrant for up to 160 million shares at the same exercise price under a February 2026 GPU agreement. Together, the warrants cover up to 320 million shares.

The capital requirements extend to AI developers. Anthropic said May 28 that it had raised $65 billion at a $965 billion post-money valuation. It also said its run-rate revenue exceeded $47 billion earlier that month and that it had agreements for up to 5 gigawatts with Amazon and 5 gigawatts of next-generation TPU capacity with Google and Broadcom.

SoftBank completed a $30 billion follow-on investment in OpenAI during 2026, bringing its cumulative investment to $64.6 billion and its ownership interest to about 13%.

These figures describe different forms of support. Nvidia’s $500 billion figure represents third-party capital that independent platforms are intended to mobilize over time. Broadcom’s $35 billion figure covers an initial infrastructure transaction, while AMD’s warrants are contingent equity incentives rather than debt financing.