CCTV Script 11/08/26

– This is the script of CNBC’s financial news report for China’s CCTV on AUG 11, 2026.

NVIDIA said Monday it has signed memorandums of understanding with six Wall Street giants, including Apollo Global Management, Blackstone, BlackRock, Brookfield, Goldman Sachs and KKR, to advance a $500 billion financing plan for its customers. Analysts say the move shows Nvidia is seeking to turn AI chips into a new asset class for Wall Street.

The plan could reshape financing for AI infrastructure. Institutional credit, insurance capital and private capital would support hyperscalers, frontier AI labs and companies building data centers and purchasing Nvidia chips. That could allow Nvidia customers to tap external funding instead of relying entirely on their own capital, easing pressure on their balance sheets.

Nvidia CEO Jensen Huang and several financial executives spoke with CNBC overnight. Huang said computing is undergoing its first fundamental technology-platform transition in roughly 60 years, shifting from a traditional model to one centered on artificial intelligence.

Jensen Huang
Nvidia CEO

“Fundamentally, what’s different about this industry and this way of doing computing is that the computer is now part of the infrastructure, like electricity, like the internet, and so you have to think about it like its infrastructure and build it out accordingly. Every company will be powered by it. Every country will build it, and so we’re talking about a extraordinarily significant infrastructure build.”

Several financial executives also expressed confidence in demand and agreed that AI computing capacity could become a new asset class.

Jon Gray
Blackstone
President

“At our companies, we’ve seen a sevenfold increase in demand for LLMs in the last six months, and yet the amount of compute is not keeping up. The data centers, the power, the chips, and so what you’re going to see here is people are going to begin to recognize that this is a financeable asset class.”

Larry Fink
BlackRock CEO

“I look at the financing of data centers. This is the very beginning, like what it was when I started in the mortgage-backed securities market in the 1970s, and I look upon this as the next future for financial engineering.”

Analysts say the core of the arrangement is that the value of computing assets does not depend on the success or failure of a single AI company. Even if one company fails, the equipment could be taken over by others. Because these chips have longer useful lives and retain their value, financial institutions could securitize them into financeable, tradable assets.

But some market participants remain concerned about the risk of “circular deals” in AI. Nvidia has often provided funding to its AI partners or helped them raise debt, which has also supported Nvidia’s own revenue.

That creates a cycle in which Nvidia funds customers, and customers then buy Nvidia products. If AI demand, financing conditions or partners’ debt-servicing capacity fall short of expectations, risks could spread among chip suppliers, customers and capital providers.