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Nvidia’s $100B OpenAI Deal Still Pending, Says CFO

Nvidia’s $100B OpenAI Deal Still Pending, Says CFO

Author:

Global Cryptocurrency

Published:

2025-12-02 19:35:01

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BTCCSquare news:

Nvidia CFO Colette Kress confirmed ongoing negotiations for a $100 billion investment in OpenAI, a deal initially announced in September. The agreement would involve deploying at least 10 gigawatts of Nvidia systems to power OpenAI's operations—enough capacity for over 8 million U.S. homes. While the framework exists, final terms remain unresolved.

The chipmaker's strategic AI investments have drawn mixed reactions from Wall Street, with some questioning circular deal structures and bubble risks. Yet Nvidia's stock has surged 30% year-to-date, gaining modestly after Kress's update. Analysts maintain bullish outlooks, with Bernstein recently projecting further upside.

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