Nvidia (NVDA) has announced a strategic partnership with six of the biggest names in Wall Street: Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. According to an official press release, the partnership aims to mobilize more than $500 billion of third-party capital for building AI infrastructure. According to BlackRock CEO Larry Fink, “This partnership deepens our relationship with NVIDIA, including through the AI Infrastructure Partnership, and brings together NVIDIA’s leadership in accelerated computing with BlackRock’s ability to connect long-term capital to essential infrastructure.“
While the move is quite bullish, Nvidia’s stock price has remained rather flat. Let’s discuss why.
Nvidia Stock Price Remains Flat Despite BlackRock, Goldman Sachs Backing
While the partnership with the six Wall Street firms is quite bullish, Nvidia’s (NVDA) stock price closed 2.86% (6.41 points) lower on Monday, August 10, 2026. NVDA has seen some price action in the pre-market hours, gaining 0.95% (2.06 points). The stock has more or less remained rather flat.
Nvidia’s (NVDA) reluctance to move could be due to the upcoming July CPI (Consumer Price Index) data due on Wednesday, August 12, 2026. Inflation in the US dipped for June 2026 and many anticipate the trend to continue for July. Nonetheless, there is a chance that inflation could come in higher for July due to oil price surges after the US-Iran war re-escalated. President Trump’s tariffs may also negatively impact inflation numbers. Investors may be staying away from tech stocks such as Nvidia (NVDA). In fact, the entire tech sector has seen a dip.
Also Read: Nvidia Stock Finally Breaks the $220 Jinx, Reaches Near Yearly Highs
We could see a resurgence in Nvidia (NVDA) stock prices over the coming days if inflation dips. Cooling inflation figures will reignite hopes for an interest rate cut which could boost investor sentiment. We could see retail action return to the market under such circumstances.
