The Bank of Nvidia will soon have an actual bank attached to it.

Nvidia on Monday announced partnerships with Goldman Sachs and five asset-management heavyweights -- BlackRock, Blackstone, Apollo Global Management, Brookfield Asset Management, and KKR -- to fund data-center construction.

The consortium will deploy $500 billion over time, supplying Nvidia customers with pools of capital "at attractive rates" to support their access to Nvidia's chips and artificial-intelligence platform.

"We began by building chips," Jensen Huang, Nvidia's CEO, said in a statement. "Today, we are helping create a new class of productive, investable infrastructure: AI factories."

The Financial Times first reported the news in midday trading Monday. Nvidia stock closed down 2.9% at $217.55, while shares of the financial institutions were mixed. Apollo had the biggest swing, jumping 3.6%.

The deals, which have yet to be finalized, give Nvidia more financial firepower to support its own customers -- hence the "Bank of Nvidia" moniker.

Nvidia has made 66 private-company investments in 2025 and 2026, according to FactSet, with some investors questioning whether the board should instead return that capital to shareholders. In this case, Nvidia is committing "third-party capital" through its partners.

The agreements likely won't ease concerns about circular financing, though. Nvidia is at the center of a dizzying web of investment between cloud providers, chip makers, AI labs, and others. That arrangement gives Nvidia plenty of upside if its funding supports more AI demand, but it also leaves the chip maker more exposed in a downturn.

Exact terms of the partnerships weren't immediately available.