[FLASH] Nvidia backs OpenAI's Ohio campus with up to $105bn in guarantees and $1.5bn into SB Energy
Nvidia agreed to guarantee up to $105bn of conditional lease and power obligations to SB Energy for OpenAI's Pike County, Ohio campus, and separately said it is investing $1.5bn in the SoftBank subsidiary; the site is slated to open in 2028, reaching 8GW of compute and requiring at least 10GW of new generation, with Nvidia the exclusive chip supplier. Both figures landed BELOW the numbers circulating last week: the guarantee against reporting of 'under $120bn' and an original $250bn, and the equity against talks of 'up to $3bn'. This resolves the DEVELOPING item the bulletin carried on 08-15 into confirmed terms, and it enlarges the off-balance-sheet commitment the desk tracks as Nvidia's central-counterparty exposure; NVDA closed 225.01, -0.07%, as the tape shrugged.