Goldman’s latest cash cow is all about funding the AI infrastructure boom

Wall Street's largest banks are riding a lucrative new wave — bankrolling the AI gold rush. Goldman Sachs was a key facilitator in this week's artificial intelligence funding announcements from both Nvidia and Intel . These are just two of several recent high-profile wins, providing a financial windfall for the venerable investment bank. All three of the stocks are major positions in the CNBC Investing Club portfolio. It started Monday, when Nvidia said that Goldman and five other financial institutions would combine efforts to raise $500 billion of financing to fund the AI buildout. The revenue-generating compute infrastructure serves as the cash flow-yielding collateral for those funds, much like commercial real estate or toll roads. Jim Cramer called the Nvidia idea, which is still a bit light on exact details on how all this would work, "monumentally positive." Hours earlier, Intel announced a $15 billion common stock offering (later upsized to $20 billion), with Goldman as a joint book-running manager. The proceeds from the sale will help fund the expansion of Intel's foundry as it seeks more chip contract manufacturing business. There have been rumors of big-name interest in Intel's foundry because Taiwan Semiconductor , the world's largest chip manufacturer, is maxed out on capacity. Last month, Intel won business from Fortinet to produce the cybersecurity company's next-generation security chip. In the semiconductor industry, factories are called foundries. The Intel…