❗️Nvidia, $NVDA, is set to announce a $500 billion AI financing effort in partnership with Apollo, Blackstone, BlackRock, Goldman Sachs, KKR, and Brookfield, per CNBC.

Details include:

1. The move comes as tech companies are increasingly looking to raise debt to finance AI projects

2. For Nvidia, the effort could help its biggest customers secure the financing needed to buy its GPUs, build data centers, and lock in long-term electricity capacity

3. The deal could be announced as soon as today, sources say

The AI buildout is prompting a historic wave of debt issuance.