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CoreWeave, Nebius Shares Gain on Report of Nvidia-OpenAI Financing Talks
Shares of specialized AI cloud providers CoreWeave and Nebius Group gained in trading following a report that Nvidia is in talks to provide a massive financing guarantee for a new OpenAI data center. The news underscores the immense capital required to build out next-generation AI infrastructure and Nvidia's central role in enabling such projects.
CoreWeave stock rose 4% while Nebius Group shares climbed 6% on the report. The potential deal is seen by investors as a strong signal of continued, large-scale investment in the AI computing sector.
Details of the Potential Deal
According to a *Wall Street Journal* report citing people familiar with the matter, Nvidia is discussing a financing backstop of approximately $250 billion for an OpenAI data center. The facility, a 10-gigawatt project being developed by a SoftBank energy subsidiary in southern Ohio, is expected to have a total cost exceeding $500 billion.
The proposed guarantee would reportedly cover the data center lease and associated debt financing. Separately, Nvidia is also said to be discussing financing for OpenAI's chip purchases, which could be valued at up to $350 billion, according to the report. The project's first phase is slated for completion in 2028 with 800 megawatts of power.
AdMarket Impact and Analysis
The move is being interpreted as a bullish signal for the entire AI infrastructure ecosystem. Bloomberg Intelligence analyst Anurag Rana noted the development looks "constructive for CoreWeave, Crusoe Energy and other neoclouds." He added that the structure suggests Nvidia is prepared to support major AI build-outs, which could ease concerns that demand for computing capacity is fading or that capital markets cannot absorb the next wave of projects.
For OpenAI, a deal of this magnitude would represent a significant step toward controlling its own infrastructure and reducing its reliance on hyperscale cloud providers like Microsoft, Amazon, and Oracle. For Nvidia, it would help secure a foundational customer for its AI chips for years to come, further cementing its market dominance.
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