05:51 AM EST, 11/19/2025 (MT Newswires) -- (Story updated to include a comment from Nvidia ( NVDA ).)

Brookfield Asset Management ( BAM ) is targeting $10 billion in equity for a new fund aimed at investing in infrastructure tied to artificial intelligence, The Wall Street Journal reported Wednesday, citing firm executives.

The Canadian investment firm has already raised half of the targeted amount from investors, including Nvidia ( NVDA ) and Kuwait Investment Authority, according to the report.

Brookfield aims to build and acquire up to $100 billion worth of AI-related infrastructure, the WSJ reported.

"AI is transforming every industry, and like electricity, it will require every nation to build the infrastructure to power it," Nvidia ( NVDA ) CEO Jensen Huang said in an emailed statement. "AI infrastructure demands land, power, and purpose-built supercomputers, and our partnership with Brookfield brings all of these elements together."

Brookfield, and Kuwait Investment Authority didn't immediately respond to MT Newswires' requests for comment.

Brookfield shares were down 2.1% in recent premarket activity, while Nvidia ( NVDA ) rose 0.37%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)