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Open original source ↗So we are at the point in the cycle where $NVDA has to provide financing guarantees for roughly 2/3rds of the cost of the chips it is selling to the data center project…?! Lol, ok.
(2) And just so you have an idea how immense that figure is, it represents 135% of $NVDA’s total retained earnings. https://t.co/2bykxlYqE2
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BREAKING: Nvidia is in talks with OpenAI to guarantee $250 billion in financing for a data center in Ohio. Details include: 1. The guarantees from Nvidia would help OpenAI lease a 10GW project that SoftBank is developing in Ohio 2. In total, the project could cost more than $500 billion, the largest data center project ever announced 3. The power for the project is controlled by the US government and funded separately by Japan under a recent trade deal 4. Commerce Secretary Lutnick is reportedly involved in deciding who will get the power The data center buildout just hit a whole new level.
KobeissiLetter ↗