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Nvidia Cuts OpenAI Data Center Backstop to $120B to Ease Balance Sheet Fears

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The Story

News Summary

  • Nvidia reduced its financial backstop for OpenAI's Ohio data center from $250 billion to under $120 billion to address investor balance-sheet concerns.
  • The restructured deal covers the initial five-gigawatt phase, curbing immediate financial exposure while still securing massive long-term AI chip demand.
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NVDA price history

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