Nvidia executive Nico Caprez drives multibillion-dollar neocloud financing strategy

Nico Caprez, a 35-year-old former Swiss professional ski racer, has rapidly risen through the ranks at Nvidia, becoming one of the company's most trusted executives. He joined Nvidia in early 2024 as a corporate development manager, recruited with the help of Madison Huang, Jensen Huang's daughter, whom he married in late September. By January 2026, Caprez was promoted from director to VP of global AI infrastructure growth, skipping the senior director role entirely. Before Nvidia, he worked at Boston Consulting Group in Zurich, studied at London Business School, and served as an investment analyst at PSquared Asset Management.

Caprez now manages Nvidia's multibillion-dollar relationships with neoclouds and other data-center operators. He co-leads the company's Cloud Partner program with VP Raj Mirpuri. Notably, he was credited with a June credit-support deal for Australia's Firmus, involving approximately 170,000 Grace Blackwell and Vera Rubin chips, potentially worth over $15 billion, in exchange for a share of future cloud revenue. Additionally, he helped expand Blackstone's GPU-backed loan facility for CoreWeave from $2.3 billion to $7.5 billion, led minority stakes in two US land-and-power developers, and worked on an August $500 billion financing plan with Wall Street and private-equity firms.

The Information reports that Nvidia is increasingly acting as a lender and backstop for the neoclouds that purchase its chips, with Caprez playing a central role in this strategy. The report also notes that Nvidia's AI Compute Partnership is being restructured after some established neoclouds, such as Nebius, pushed back. Furthermore, Nvidia's credit default swap spreads have roughly doubled in recent months, although its credit rating remains near the top.

While unnamed employees suggest that Caprez and Madison Huang, who was promoted in March to senior director of product marketing for physical AI, could be part of Nvidia's future leadership, the company has not commented on succession. Caprez declined to be interviewed for the report.