Nvidia Corp. (NASDAQ:NVDA) is reportedly in talks to invest up to $3 billion in SB Energy, a SoftBank Group Corp. subsidiary building a massive Ohio data center campus for OpenAI.
Investment Tied to Broader Credit Support Deal
The potential stake is part of larger talks involving Nvidia, OpenAI, and SB Energy over roughly $100 billion in credit support for the Ohio project, The Information reported Saturday, citing people familiar with the matter.
According to the report, Nvidia has discussed funding half the $3 billion when the deal is signed, with the remainder tied to SB Energy’s planned initial public offering.
Benzinga could not independently verify the report.
Nvidia and SoftBank did not immediately respond to Benzinga‘s request for comment.
IPO and Prior Funding Revisions
The report added that SB Energy, also backed by OpenAI, could go public as soon as next month, potentially raising at least $5 billion.
Separately, The Wall Street Journal reported Friday that the Jensen Huang-led company had scaled back its Ohio guarantee to under $120 billion, down from an earlier $250 billion figure.
Stock’s Performance
Nvidia has a market capitalization of $5.45 trillion, with a 52-week high of $236.54 and a 52-week low of $164.07.
The large-cap stock has gained 24.78% over the past 12 months.
With a strong Growth score of 99.19 and a Quality score of 97.83, Benzinga’s Edge Stock Rankings indicate that NVDA has a positive price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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