Apollo and Blackstone Just Closed a $35 Billion Private Credit Deal to Finance Anthropic's Compute Expansion. Here's What It Means for Micron and Nvidia. - The Motley Fool

Apollo Global Management and Blackstone have closed a $35 billion private credit deal to support Anthropic’s compute expansion, marking a significant development in AI infrastructure financing. The tr... Read original →

This $35B private credit deal signals a paradigm shift in AI infrastructure financing, not just a capital maneuver. Technically, while TPUs and GPUs diverge architecturally, both drive surging demand for HBM memory—directly benefiting Micron, one of only three global HBM scale producers, enhancing its pricing power. On compliance, the SPV structure optimizes Anthropic’s IPO balance sheet but may attract EU/US scrutiny over AI compute concentration and data sovereignty in cross-border hardware leasing. NVIDIA’s dominance remains intact short-term, yet Google’s TPU ecosystem, turbocharged by such financing, could pressure NVIDIA to open its software stack further and deepen cloud partnerships. Over the next 12–24 months, SPV-backed ‘compute-as-a-service’ models will proliferate across Europe and Asia, rewarding semiconductor firms with advanced packaging and HBM integration capabilities with outsized bargaining leverage.