Nvidia’s new financial strategy does not compute

Nvidia is partnering with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise $500 billion of financing that will treat compute hardware as a tradable asset class. CEO Jensen Huang told CNBC that the chips are now “revenue-generating, long-lived, fungible and flexible” assets, marking the first time technology chips are positioned as investable securities.