Nvidia shifts from chip edge to capital backing for OpenAI Ohio center
After rivals narrowed Nvidia’s chip lead, the company is leaning on its balance sheet, including a new pact with Wall Street for $500 billion in financing and a commitment to provide up to $105 billion for an OpenAI data center in Ohio. Nvidia cites surging free cash flow, a dividend increase, and an $80 billion buyback, plus a $1.5 billion SB Energy investment tied to a 20-year lease.