Nvidia is in talks to provide a roughly $250 billion financial backstop for OpenAI as part of a massive data center project in southern Ohio that could ultimately cost more than $500 billion, according to a Wall Street Journal report citing people familiar with the matter.
The proposed guarantee would help OpenAI secure favorable financing for a planned 10-gigawatt AI campus despite the ChatGPT maker lacking an investment-grade credit rating.
The report said Nvidia would guarantee financing tied to the data center lease and construction debt, while separately discussing financing for the purchase of Nvidia chips that could total another $350 billion.
Nvidia and OpenAI did not immediately respond to Benzinga’s request for comments.
Burry reacted to the report on X, writing, “Around and around we go. Nvidia to guarantee $200 billion of ChatGPT’s spending on $NVDA chips.”
Meanwhile, Zitron questioned both the financing structure and SoftBank’s involvement.
“This is such an insane thing to do on so many levels and it is about as bearish as it gets, especially considering this it is being built BY SOFTBANK! Also where’s the money gonna come from? Very silly stuff all round,” Zitron wrote.
Price Action: Nvidia shares closed Friday down 0.92% at $206.84, slipping an additional 0.02% to $206.80 in after-hours trading, according to Benzinga Pro.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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