Nvidia has restructured its landmark deal with OpenAI, shifting from a reported $100 billion infrastructure commitment to a $30 billion equity stake according to a report. The revised agreement, potentially closing imminently, is seen by analysts as a risk-reduction move that maintains the commercial relationship and keeps Nvidia stock forecasts firmly bullish.
The structure of the Nvidia agreement with OpenAI has been altered from its original form. According to a report, a $30 billion equity investment is being finalized, replacing a previously announced $100 billion infrastructure deal.
The core commercial arrangement remains intact, as OpenAI is expected to reinvest much of the new capital back into Nvidia hardware. This investment is part of OpenAI‘s latest funding round, which includes Amazon, Microsoft, and SoftBank and values the company between $830 and $850 billion.
Analysts are largely interpreting the change not as a retreat but as a strategic de-risking. This perspective is keeping the 2026 NVDA price target in bullish territory across Wall Street.
The original deal was a non-binding, multi-year commitment tied to data center deployments that was never fully executed. Nvidia CEO Jensen Huang reportedly raised concerns about OpenAI‘s shifting direction and growing competition from Google and Anthropic, driving the pivot.
In practical terms, Nvidia trades a risky long-term commitment for equity exposure while continuing to sell chips to OpenAI. The smaller deal is also noted as likely attracting less regulatory scrutiny than the original proposal.
Analyst confidence appears unshaken, as Nvidia stock prediction data reveals a consensus ‘Buy’ rating. Based on 61 ratings, the 12-month average price target is $253.88, representing a 35.12% upside from current levels.
Nvidia is also bolstered by a multi-year chip supply deal with Meta and revenue commitments exceeding $500 billion for its Blackwell and Rubin systems. While competition from Amazon‘s in-house Trainium chips is being monitored, it has not shifted the overall analyst stance.
The structural change is viewed as strategically bullish, exchanging potential financial liability for straightforward equity ownership. Nvidia continues to hold a stake in a leading AI firm while maintaining its hardware revenue stream from the same client.
