Nvidia Scales Back OpenAI Investment to $30 Billion, Shifts Strategy from Infrastructure to Equity
Nvidia has pivoted from a landmark $100 billion infrastructure commitment to a $30 billion equity stake in OpenAI, according to February 2026 reports. The renegotiated deal aligns with OpenAI's concurrent $100 billion fundraising round—a MOVE that could value the ChatGPT developer at $830 billion. Market observers note the strategic shift mirrors Nvidia's dual role as both investor and critical hardware supplier to the AI sector.
The restructured agreement scraps last September's multi-year partnership framework. Instead of financing compute infrastructure directly, Nvidia will take an ownership position while maintaining its position as OpenAI's primary GPU provider. Industry analysts suggest this preserves capital flexibility while securing exposure to AI's growth trajectory.
