Nvidia’s $600 Billion Exposure to OpenAI Is the Compute Landlord Thesis Taken to Its Structural Extreme
Nvidia’s total exposure to OpenAI now sits at approximately $600 billion, a figure that transforms the chipmaker from a hardware vendor into the de facto central bank of the artificial intelligence era. This massive financial footprint comprises a reported $250 billion financing guarantee for a 10-gigawatt data center in Piketon, Ohio, alongside $350 billion in…