Nvidia is buying SB Energy stock at 90% of its IPO price

Nvidia is investing an additional $1.5 billion in SB Energy at 90% of its upcoming IPO price, bringing its total stake to $3 billion. This investment secures power capacity for Nvidia’s high-density Rubin chips, while SB Energy simultaneously incentivizes tenants like OpenAI with significant warrant packages for long-term data center leases.