Oracle Corp. shares rose 1.4% during overnight trading on July 26, 2026, following reports that Nvidia Corp.
is in discussions to provide a $250 billion financial backstop for a major OpenAI data center project.
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The potential backing from Nvidia would support OpenAI, the creator of ChatGPT, in leasing a 10-gigawatt data center facility being developed by a SoftBank Group Corp.
unit in southern Ohio.
Oracle stands to benefit significantly as one of OpenAI's primary cloud infrastructure providers.
Power Allocation and Government Involvement
Power for the Ohio facility is controlled by the U. S.
government and funded separately by Japan under a recent trade agreement.
U. S.
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Commerce Secretary Howard Lutnick is deciding access allocation for the site, which has also drawn interest from Anthropic, Microsoft Corp.
, and Alphabet Inc.'s Google.
Nvidia's proposed financial guarantee would allow SoftBank's unit to secure debt financing on more favorable terms.
This addresses credit challenges stemming from OpenAI's status as an unprofitable private company without an investment-grade rating.
Oracle shares have experienced significant volatility, remaining down 54% from their 2026 peak on June 1 and 65% from their high in September 2025.
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Investors have expressed growing scrutiny over the substantial debt Oracle accumulated to expand data center capacity tied to its cloud contracts with OpenAI.
