Nvidia Unveils $500 Billion AI Financing Plan With Six Wall Street Firms, Dividing Analyst Opinion

Nvidia announced a sweeping financing initiative, partnering with six financial firms to provide up to $500 billion in funding for customers purchasing its AI chips. CEO Jensen Huang characterized the structure as addressing concerns over circular financing, in which Nvidia-adjacent entities borrow to buy Nvidia products, but the arrangement immediately divided Wall Street. Jim Cramer called the push monumentally positive, while critics raised questions about debt levels and long-term returns on that capital.

Alternative asset managers including Blackstone rose on the news, and neocloud stocks bounced sharply, with Hut 8 gaining 7% to $91, TeraWulf up 4% to $17, Galaxy Digital up 4% to $20, and Core Scientific up 4% to $20. Separately, Nvidia launched its open-weight Nemotron 3.5 Lightning model and is reported to be developing a larger Nemotron 4 model with roughly one trillion parameters, expanding its competitive presence in open-source AI. On the hardware front, Microsoft disclosed plans to unveil its Maia 300 AI chip this fall and is negotiating with TSMC to manufacture more than 300,000 units by 2027, a move explicitly aimed at reducing reliance on costly Nvidia processors.

Meta reported Q2 2026 ad revenue up 27% year over year, driven by 14% growth in impressions and 12% higher average ad prices, even as its $140 billion 2026 capital expenditure program compresses near-term margins.