NVIDIA Ramps Feynman Production, Cuts OpenAI Guarantee to $120B, Discloses $21B SpaceX Stake
NVDA sits 37% above its 52-week low of $164.07.
Summary
NVIDIA is accelerating mass production of its Feynman AI platform, shifting R&D and supply-chain resources to the 3D chiplet design using TSMC SoIC, HBM, co-packaged optics, and TSMC A16. The company also cut its planned financial guarantee for the OpenAI Ohio data-center from ~$250B to under $120B, covering an initial ~5 GW phase instead of the full ~10 GW, with a deal possibly signing soon. Separately, NVIDIA disclosed a 122.8M Class A SpaceX stake worth ~$21B as of June 30, 2026, its second-largest holding after Intel. UBS sees fiscal Q2 revenue at $94-95B versus guidance of $91B and forecasts $107-108B for the October quarter, with Rubin platform production at ~500,000 GPUs/month during the Blackwell transition. Additional items include a financing deal backed by Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR; a ~$2B CoreWeave share purchase in Q1; the open-source Nemotron 3.5 Lightning model; an LG humanoid robot partnership; and Tiger Global cutting its NVDA stake by 45.4% in Q2. The Feynman ramp and OpenAI guarantee reduction are the most material for the investment thesis, signaling both aggressive next-gen product execution and a more measured capital commitment to a major customer.
At the time of this announcement, NVDA was trading at $224.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.4T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.