Nvidia jumps on plans to invest up to $100 billion in OpenAI as part of data center expansion
Shares of Nvidia vaulted on the news, as CEO Jensen Huang says the new project would involve 4 million to 5 million GPUs.
Nvidia shares jumped as the company said it would invest as much as $100 billion into OpenAI as part of an unprecedented data center buildout.
Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman made the announcement on CNBC midday Monday. Nvidia would invest the money “progressively as each gigawatt is deployed,” according to CNBC reporting.
Shares of Nvidia were recently up 3.9%, vaulting on the news after being slightly negative before the announcement.
The two companies will work together to build out an unprecedented 10 gigawatts of capacity over several years, an endeavor that Huang said on CNBC would be “the biggest AI infrastructure project in history” and “the largest computing project in history.”
For scale, 10 gigawatts of power is roughly equivalent to the average demand of 8 million US households — the population of New York City.
In the interview with CNBC, Huang said:
“This new project that we’re talking about [is] 10 gigawatts, or roughly 4 million, 5 million GPUs. That’s approximately, in one project, what we shipped all year this year, and twice as much as last year.”
Per the announcement, the first systems, which will use Nvidia’s next-gen Vera Rubin platform, will come online in the second half of 2026.
The details of the plan will be finalized in the “coming weeks.”
