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Apollo is nearing a $3.4 billion lending deal to lease NVIDIA chips to XAI, which has substantial monthly cash burn, indicating strong demand for NVIDIA's technology and potential revenue growth.
Apollo plans a $3.4B loan to fund Nvidia chip leasing for Elon Musk's xAI, supporting AI data center expansion and scaling compute infrastructure rapidly.
Apollo Global Management is finalizing a $3.4 billion loan vehicle to lease Nvidia chips to Elon Musk's AI firm xAI, fueling AI infrastructure expansion amid rising demand for high-performance comput…