Overview

• Nvidia and OpenAI signed a letter of intent to deploy at least 10 gigawatts of Nvidia systems, with the chipmaker identified as a preferred supplier for compute and networking.
• The first phase is targeted to come online in the second half of 2026 on Nvidia’s Vera Rubin platform, with capacity rolled out progressively.
• Jensen Huang said 10 gigawatts equates to roughly 4 million to 5 million GPUs, underscoring the unprecedented hardware scale required.
• Nvidia shares rose about 3%–4% after the announcement, reaching record levels as investors bet on sustained AI infrastructure spending.
• Reporting describes an unfinalized structure in which OpenAI buys systems for cash and Nvidia takes a non‑controlling stake, with an initial $10 billion tranche, a setup likely to draw regulatory attention.