OpenAI Is Reportedly Raising $30 Billion. Which Chip Stock Gains the Most?
Key PointsOpenAI is reportedly seeking around $30 billion in a round that might value it at over $1.4 trillion.
OpenAI is seeking to raise approximately $30 billion in a funding round that could value the company at over $1.4 trillion, according to Reuters. This valuation is an increase from $852 billion in March. The talks, however, are still ongoing. In 2025, OpenAI announced plans for 26 gigawatts of computing capacity with Nvidia, AMD, and Broadcom.
Meanwhile, the company is pitching investors on annualized revenue of around $50 billion. This new cash directly impacts whether those plans get funded. Each chip stock involved has a different stake in OpenAI's success.
Nvidia's September 2025 letter of intent covers at least 10 gigawatts of its systems, with a possible $100 billion investment in OpenAI for each gigawatt deployed. In August, Nvidia agreed to guarantee up to $105 billion of obligations at an Ohio data center campus housing Nvidia hardware under 20-year leases to OpenAI. The first guarantees are not expected to take effect until fiscal 2029, and Nvidia's exposure decreases as OpenAI pays its rent.
Nvidia's revenue increased by 106% year-over-year to $96.2 billion in the fiscal 2027 second quarter, with a price-to-earnings ratio of about 14 as of the writing. AMD's deal covers 6 gigawatts of its GPUs, starting with 1 gigawatt in the second half of 2026, with CEO Jean Hu expecting tens of billions of dollars in revenue. Broadcom's 10-gigawatt deal allows OpenAI to design its own AI chips and Broadcom to develop and deploy them through 2029.
Broadcom's AI chip revenue is forecasted to double to $115 billion in fiscal 2027 and double again to $230 billion in fiscal 2028.
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