Ohio data-center backstop shrinks to under $120 billion

Per The Wall Street Journal, citing people familiar with the deal, Nvidia and OpenAI reworked the financing structure for a large data-center campus in Ohio so that Nvidia would initially guarantee only half of the planned multi-hundred-billion-dollar build-out. That cuts Nvidia's guarantee from $250 billion to less than $120 billion, a change some of the people said was made to address investors' concerns about the chipmaker's risk exposure as it wields its balance sheet to bolster demand for its AI chips. A deal could be signed as soon as this weekend. Nvidia shares fell 5% after the Journal first reported the discussions of the $250 billion backstop.