Nvidia in Talks for $3B SB Energy Stake

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- Nvidia is in talks to invest as much as $3 billion in SB Energy, a SoftBank Group-backed data center developer, according to sources.
- SB Energy aims to IPO soon and is the developer behind a huge OpenAI campus in Ohio.
Why it matters: A potential $3 billion Nvidia investment would embed the chipmaker deeper into the physical buildout of AI — SB Energy's planned IPO would publicly price that bet and give Nvidia an equity stake in the power-and-real-estate layer that OpenAI-scale campuses depend on.
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