Nvidia Expands AI Footprint With $5 Billion Intel Stake, OpenAI 10‑GW LOI, £2 Billion U.K. Fund

Overview

• Nvidia reported Q2 2025 revenue of $46.74 billion, up 56% year over year, with Blackwell data center revenue rising 17% sequentially.
• On September 18, Nvidia unveiled a collaboration with Intel and agreed to buy $5 billion of Intel shares at $23.28 each, equating to roughly a 5% stake.
• Nvidia and OpenAI signed a letter of intent for at least 10 gigawatts of Nvidia systems to train and run future OpenAI models.
• The company said it plans to invest up to $100 billion in OpenAI progressively as each gigawatt of systems is deployed, tying funding to buildout milestones.
• Nvidia also committed £2 billion to the U.K. AI startup ecosystem as DA Davidson’s Gil Luria kept a Buy rating with a $210 target while cautioning that Nvidia risks becoming an “investor of last resort,” citing its prior CoreWeave support.