Nvidia is currently negotiating a substantial $250 billion financing for OpenAI, aimed at supporting a significant data-center project in Ohio. Despite Nvidia's involvement in this potential deal, the company's stock dipped by 5% amid a broader decline in chip stocks, largely influenced by reports of a Chinese company mass-producing chip-making machinery. Additionally, Nvidia has secured a $500 billion agreement with SK Hynix for a stable supply of AI memory chips and has expanded its collaboration with Siemens for AI workflows. While Nvidia's stock performance has lagged behind that of the semiconductor sector, it has seen some gains recently.

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Nvidia in Talks to Finance OpenAI, Report Says. What It Means for the Stock.

By Callum Keown

Updated July 27, 2026, 11:43 am EDT / Original July 27, 2026, 6:50 am EDT

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Nvidia stock is up 11%, lagging the broader semiconductor rally. (Dreamstime)

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Nvidia stock fell 5% early Monday as chip stocks declined following a report that a Chinese company is mass-producing chip-making machines.
Nvidia is in talks to guarantee $250 billion in financing for OpenAI for a potential data-center project in Ohio.
Nvidia announced a $500 billion deal with SK Hynix to secure memory chips and expanded its partnership with Siemens.

Nvidia stock was falling early Monday as the chip maker was eyeing a raft of deals with SK Hynix, OpenAI and Siemens.

The shares were down 5% to $196.55 in early trading, after falling 0.9% in the previous session. Chip stocks fell sharply in morning trading after a report emerged that a state-backed Chinese company has started mass producing chip-making machines.

Investors are digesting reports that the chip maker is in talks to guarantee $250 billion in financing for OpenAI for potentially the largest data-center project to date. The backing would help OpenAI lease the project that Softbank’s energy subsidiary is developing in Ohio, The Wall Street JournalExternal link reported.

Nvidia has missed out on the chip rally this year, up just 11% compared with the PHLX Semiconductor Index’s (SOX) 67% rise — the index that tracks the 30 biggest U.S.-listed companies connected to semi’s. That’s started to change recently, though—the stock is up 3% in July through Friday, while the SOX was down 17%.

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OpenAI and Nvidia did not immediately respond to a request for comment.

Separately, Nvidia announced a $500 billion deal with Korean memory-chip giant SK Hynix late Friday, securing a stable long-term supply of artificial-intelligence memory. The company also expanded its partnership with Siemens to deliver self-verifying agentic AI workflows, in a release late Sunday.

But with all of those developments to dissect, the stock was still looking like a chip laggard.

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Write to Callum Keown at callum.keown@dowjones.comExternal link

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