Nvidia (NVDA) Stock Rises as Jensen Huang Projects $600 Billion From OpenAI Data Center Deal
TLDR
- Nvidia confirmed it will guarantee less than $120 billion for OpenAI’s Ohio data-center project, down from $250 billion
- Nvidia will invest $1.5 billion in SB Energy, the infrastructure company built by OpenAI and SoftBank to run the site
- Each generation of AI systems at the site could represent $150B to $200B in Nvidia revenue
- OpenAI’s current and planned commitments represent around 12 gigawatts of Nvidia compute, expandable to 16 gigawatts
- Jensen Huang says the total opportunity could reach roughly $600 billion of Nvidia compute through 2030
Nvidia stock was up 0.5% in early Monday trading, building on an 11% gain over the past month, as investors digested news of the company’s financial commitment to OpenAI’s massive Ohio data-center project.
The site, called the PORTS-Pike Technology Campus, is one of the largest AI infrastructure projects announced to date. Nvidia confirmed it will provide a financial guarantee for the project, though the amount has been trimmed.
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