By Aparajita Dutta
Publication Date: 2026-02-20 15:39:00
In a significant strategic pivot, NVIDIA NVDA is reportedly in the final stages of negotiating a $30 billion equity investment in OpenAI, part of a blockbuster funding round that could value the ChatGPT maker at approximately $730 billion. This move officially replaces the previous multi-year infrastructure partnership between these two companies, worth $100 billion, announced in September last year (as stated by Financial Times).
With generative artificial intelligence (AI) in focus worldwide, this development thrusts NVIDIA back into the global spotlight while simultaneously boosting the outlook for diversified exchange-traded funds (ETFs) that count the chipmaker as a cornerstone holding.
This recalibrated deal structure underscores how fast the AI capital cycle is evolving, and it sets the stage for investors to decide whether to express their AI conviction via NVIDIA directly or through diversified ETFs that still heavily leverage its upside while softening single stock risk. For that, we need to look at what changed and what uncertainties remain.
The decision to transition from a $100 billion “milestone-based” plan to a $30 billion equity stake is widely seen as a “de-risking” move by NVIDIA CEO Jensen Huang. The original $100 billion proposal was tied to massive, long-term power and infrastructure deployments that faced regulatory scrutiny, along with internal and market concerns over capital efficiency.
By pivoting to a $30 billion direct…
