(Bloomberg/Ian King) — Nvidia Corp. assured customers that its landmark deal with OpenAI to invest $100 billion and expand AI infrastructure together won’t affect the chipmaker’s relationship with other clients.
“Our investments will not change our focus or impact supply to our other customers,” Nvidia said in a statement late Monday. “We will continue to make every customer a top priority, with or without any equity stake.”
Earlier on Monday, Nvidia and OpenAI announced that they’d signed a letter of intent to pursue the $100 billion deal. The goal is to produce Nvidia-equipped data centers with a capacity of at least 10 gigawatts of power. The infrastructure will be used to develop and run artificial intelligence models.
Nvidia chips have become the most prized commodity in Silicon Valley in recent years, with data center operators scrambling to obtain as many as possible. The frenzy has sent the company’s sales — and stock price — soaring. It now boasts the world’s largest market capitalization, at nearly $4.5 trillion.
Chief Executive Officer Jensen Huang has sought to keep the growth run going by expanding the chipmaker’s customer base. For all its success, Nvidia still relies on a small group of companies — including Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Alphabet Inc. — for much of its revenue.
Those companies are locked in direct competition to build AI infrastructure as fast as possible and draw more people to their services. They’re all also deploying or developing their own components in an attempt to reduce reliance on Nvidia. Fears over the loss of priority could prompt customers to ramp up those efforts or look more seriously at alternatives from would-be competitors such as Advanced Micro Devices Inc.
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Originally Published: September 23, 2025 at 9:38 AM PDT