Overview

• Both companies signed a letter of intent to deploy at least 10 gigawatts of Nvidia systems for OpenAI, with the first phase targeted for the second half of 2026 on the Vera Rubin platform.
• Nvidia said the commitment will be deployed progressively as capacity comes online, and it will be a preferred supplier of chips and networking gear to OpenAI.
• Jensen Huang estimated the 10‑gigawatt plan equals roughly 4 million to 5 million GPUs, highlighting the unprecedented scale of the buildout.
• Reporting indicates OpenAI would pay cash for hardware while Nvidia takes a non‑controlling equity stake, with initial tranches tied to early capacity coming online.
• Nvidia shares rose about 3%–4% after the announcement, and analysts flagged potential antitrust scrutiny as the partnership complements projects with Microsoft, Oracle, SoftBank and the Stargate initiative.