Nvidia unveils $500 billion chip-financing push with Apollo, Blackstone and Goldman Sachs

Nvidia said it signed memorandums of understanding with Apollo Global Management, Blackstone and Goldman Sachs to build financing platforms for customers, part of a $500 billion effort that CEO Jensen Huang described as the first time technology chips have become an investable asset class. The move points to a new funding model for the AI buildout, which has largely relied on corporate balance sheets. Nvidia shares fell almost 3% on Monday but were up about 1% before the bell. Elsewhere, the U.S. Strategic Petroleum Reserve fell below 300 million barrels last week to its lowest level since 1983, the Energy Department said, as West Texas Intermediate futures moved back above $82 per barrel and the White House extended its Jones Act waiver (temporary relief from U.S. shipping rules) for another 90 days. The newsletter also highlighted President Donald Trump's executive order targeting routine childhood vaccines and retailer Frida's expansion into personal care products for children ages 6 to 11 through Walmart.

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