Goldman Sachs Teams with NVIDIA on $68 Billion AI Infrastructure Push

Goldman Sachs has joined NVIDIA in a memorandum of understanding to mobilize third-party capital for AI infrastructure, as part of its efforts to generate $68.3 billion in revenue by 2029.

The deal was signed in mid-August 2026, allowing Goldman to provide capital to the AI ecosystem while managing its own funding profile.

Goldman's Q2 2026 net income reached $6,628 million, providing room for it to invest in AI infrastructure and return capital to shareholders through higher dividends and buybacks.

The bank's narrative projects a significant increase in revenue and earnings by 2029, with some analysts predicting as much as $84.5 billion in revenue and $27.5 billion in earnings.