Nvidia Restructures $100B OpenAI Deal to $30B Equity Stake, Maintains Bullish Outlook
Nvidia's landmark infrastructure agreement with OpenAI has undergone a significant restructuring, shifting from a $100 billion multi-year commitment to a $30 billion direct equity stake. The revised deal, expected to close imminently according to Financial Times sources, maintains the commercial relationship while reducing execution risk.
OpenAI's latest funding round—which includes Amazon, Microsoft, and SoftBank—now values the AI pioneer at $830-$850 billion. Analysts interpret the restructuring not as a retreat but as strategic risk mitigation, keeping Nvidia's 2026 price targets firmly in bullish territory despite the smaller capital commitment.
The original agreement tied funding to data center deployments and hardware procurement, while the new structure provides pure equity at a $730 billion pre-money valuation without operational contingencies. Market observers note this preserves Nvidia's exposure to AI growth while insulating against execution risks in large-scale infrastructure projects.
