Jensen Huang denies circular financing.

On August 10 local time, NVIDIA officially announced a significant partnership, signing a memorandum of understanding with six top global asset management institutions: Apollo, BlackRock, Blackstone, Bow Street, Goldman Sachs, and KKR. The collaboration aims to jointly establish an independent computing power financing platform, planning to mobilize over $500 billion in third-party capital in the long term, specifically to supply cloud vendors, AI laboratories, and enterprises for the procurement of NVIDIA chips and the construction of large-scale data center AI factories. Despite the confidence expressed by NVIDIA and financial giants such as Goldman Sachs and BlackRock regarding the prospects of this partnership, skepticism surrounding a "revolving financing" bubble quickly emerged in the capital markets. In the face of these doubts, NVIDIA CEO Jensen Huang has made efforts to deny the concerns regarding "revolving financing," emphasizing in interviews that the current AI computing power has become a fundamental infrastructure needed in the new era, and that the financing platform being established represents the market's "genuine and long-term demand" for AI infrastructure, rather than a bubble created by mere capital speculation.