NVIDIA cuts OpenAI backstop below $120B

NVIDIA is reportedly negotiating an initial guarantee of less than $120 billion for OpenAI’s Ohio data-center campus, down from the previously discussed $250 billion backstop. Yahoo Finance’s wire report says the revised support would cover only the first phase of a planned 10-gigawatt build; CNBC’s earlier account described the original structure as lease and construction debt backed by NVIDIA’s credit, not the chips themselves. The reported cut is a reminder for AI infrastructure buyers that even the market’s strongest hardware supplier is putting a ceiling on balance-sheet risk, reinforcing the archive’s circular-financing analysis.