Apollo Said to Net $250 Million in Paper Profits on xAI Debt [Yahoo! Finance]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: Yahoo! Finance
The gains came as part of an investment Apollo made that will give the artificial-intelligence startup access to Nvidia Corp.'s graphics processing units, according to people familiar with the matter. Apollo has invested $7 billion in xAI debt, the people said, asking not to be identified discussing confidential information. Most Read from Bloomberg LA's Bankrupt ‘Graffiti Towers' Finds Buyer for $470 Million An Insurance Expert Appraises the Safety Record of Self-Driving Cars It's a Tough Time To Be a Black Real Estate Developer Minneapolis Braces for Rent Crisis As ICE Surge Winds Down New Tax Proposal Takes Aim at Thailand's Salty Food Obsession Representatives for Apollo and xAI declined to comment. The alternative asset manager bought about $3.5 billion of xAI's debt in December at 99 cents on the dollar, the people said. The loans offer a coupon of 10%, they added. The company's merger with Musk's SpaceX, announced Feb. 3, boosted the price of that debt to as
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NVDA
News
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NVDA
Earnings
- 2/25/26 - Beat
NVDA
Sec Filings
- 2/25/26 - Form 10-K
- 2/25/26 - Form 8-K
- 2/17/26 - Form 13F-HR
- NVDA's page on the SEC website