Huang's Exit Blows Hole in $500B Nvidia-Backed AI Financing Push With Six Wall Street Firms

Nvidia's August pact with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize over $500B for AI data centers has produced no deals, and partners pushed Huang in the past month to raise his 25% residual-value backstop on GPUs used as collateral. Bloomberg sources say Broadcom's rival program offers 72.5%, leaving lenders hesitant. Huang's exit, with CFO Colette Kress stepping in as interim CEO, makes final agreements harder to close and risks a broader repricing of AI credit.