Jim Cramer Says the US Government Is Nvidia’s Silent Backstop
Jim Cramer says Washington will not let Nvidia lose the artificial intelligence race to China. He frames the US government as a quiet backstop behind the chipmaker's biggest bets.
Commerce Secretary Howard Lutnick controls power access to a federal site in Ohio. Nvidia is negotiating a $250 billion guarantee there for OpenAI, tying the chipmaker to a government decision.
Nvidia's Backstop Meets Washington's Power Switch
Nvidia is in talks to guarantee roughly $250 billion in financing for OpenAI's lease, the Wall Street Journal reported. The deal covers a 10-gigawatt data center campus in Piketon, Ohio.
The site sits on decommissioned federal land. The full project, including chips, could exceed $500 billion.
Electricity for the campus flows from a natural gas plant that Japan is funding with a $33 billion investment. That investment is part of a recent US trade deal.
Lutnick decides which company gets access to that power. OpenAI, Anthropic, Microsoft, and Google have all approached him about the site.
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