Ten Gigawatt Backstop

Nvidia is reportedly in talks to provide roughly $250 billion in financing guarantees tied to OpenAI leasing a 10-gigawatt SoftBank-developed data-center project in southern Ohio. The hook is bigger than one lease: AI model economics are moving from API launches into power rights, debt markets, GPU orders, and who can finance the physical stack behind the next frontier model.

The song keeps the talks conditional because Reuters said it could not immediately verify the Wall Street Journal report, and Nvidia, OpenAI, and the U.S. Commerce Department did not respond outside regular business hours. The bridge widens the chip story with CXMT's Shanghai debut, where Reuters reported a 470% first-day surge and an $8.6 billion IPO.