Nvidia Commits $105 Billion to OpenAI's 8-GW Ohio AI Campus as BofA Sees AI Dominance Push
Updated
Updated · Yahoo Finance · Aug 18
Nvidia Commits $105 Billion to OpenAI's 8-GW Ohio AI Campus as BofA Sees AI Dominance Push
3 articles · Updated · Yahoo Finance · Aug 18
Summary
$105 billion in credit support and residual-value guarantees will back SB Energy's PORTS Technology Campus in Ohio, which OpenAI will lease and run exclusively on Nvidia AI infrastructure.
BofA analyst Vivek Arya said the move shows Nvidia is trying to lock up every key AI input—chips, land, power and shell capacity—for frontier labs and neo-clouds amid compute scarcity and strong GPU rental rates.
The Ohio project follows Nvidia's earlier push to turn AI infrastructure into a financeable asset class, including a consortium with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR targeting $500 billion for data centers.
Arya kept a Buy rating and a $350 price target, but warned these ecosystem bets could pressure earnings quality and valuation unless Nvidia returns more cash; investors are now focused on its Aug. 26 earnings report.