customerScore 85/100Add to thesis
OpenAI to lease 4.25GW of IT load at Portsmouth Site, deploying NVIDIA's full-stack DSX AI factory platform
“OpenAI, as the tenant, will utilize capacity at the Portsmouth Site supporting approximately 4.25 gigawatts of IT load to deploy NVIDIA's full-stack DSX AI factory platform, subject to limited exceptions.”
Why it matters
A single tenant committing to 4.25GW of NVIDIA-only full-stack capacity is one of the largest dedicated AI compute commitments on record, signaling multi-year locked-in demand for NVIDIA silicon, networking, and software.
Investment implication
Locks in enormous recurring NVIDIA revenue visibility through the late 2020s; also signals OpenAI's compute demand scaling well beyond current capacity, with read-through for power infrastructure and data center developers.