Nvidia announced a strategic partnership with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish a financing platform targeting $500B in funding for AI infrastructure. The structure involves private credit and public bond issuance, with Nvidia's chip purchases and forward contracts as collateral. While this signals strong AI infrastructure demand and expands financing beyond hyperscalers, concerns persist about circular financing, AI bubble risks, and whether sky-high chip valuations are sustainable as capacity rolls out.