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Nvidia shares closed down nearly 5% Monday after reports that the chipmaker may guarantee $250 billion in financing for an OpenAI data center in Ohio. Key Points: Nvidia closed at $196.51, down 4.99%, and slipped behind Apple in market value. Credit default swaps on Nvidia bonds posted their sharpes

OpenAI is negotiating with Nvidia over a backstop worth up to $250 billion that would underpin debt for a giant Ohio data center campus. Key Points: Nvidia is in talks to guarantee as much as $250 billion of financing tied to a 10-gigawatt data center campus in Pike County, Ohio. The guarantee would

Apple passed Nvidia at Monday's market close to reclaim the title of world's most Valuable Company, ending roughly 12 months of dominance by the AI chip giant. The iPhone maker's market capitalization edged above Nvidia's as Wall Street's broader AI trade showed signs of fatigue. Apple's earnings c

Samsung Electronics won a contract worth more than $200 billion to supply chips to Broadcom in the largest publicly known foundry supply agreement of the AI buildout era. The Broadcom Chip Deal covers 2-nanometer AI accelerator chips and advanced packaging through 2030, and it arrives as both compan

Nvidia CEO Jensen Huang used his first X post to urge Washington to protect open-weight AI models as scrutiny of Chinese systems intensifies. Key Points: Huang backed a letter signed by 25 technology companies, investors and open-source groups. The coalition said broad restrictions would weaken US i