{"id":66657,"date":"2026-08-17T10:38:14","date_gmt":"2026-08-17T14:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-pledges-100bn-for-massive-openai-data-center-gold-and-bonds-see-volatility\/66657\/"},"modified":"2026-08-17T10:38:14","modified_gmt":"2026-08-17T14:38:14","slug":"nvidia-pledges-100bn-for-massive-openai-data-center-gold-and-bonds-see-volatility","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-pledges-100bn-for-massive-openai-data-center-gold-and-bonds-see-volatility\/66657\/","title":{"rendered":"Nvidia Pledges $100BN for Massive OpenAI Data Center; Gold and Bonds See Volatility"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> has committed to a <strong>$100 billion+ credit backstop<\/strong> for a massive <strong>OpenAI<\/strong> data center in Ohio, securing compute infrastructure through 2030 that could generate <strong>$600 billion<\/strong> in revenue.<\/li>\n<li><strong>Spot <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a><\/strong> surged 1% to <strong>$4,419.79\/oz<\/strong>, even as <strong>Wells Fargo (<a href=\"\/stock\/WFC\">WFC<\/a>)<\/strong> lowered its 2026 year-end price target to a range of <strong>$4,900-$5,100\/oz<\/strong>.<\/li>\n<li><strong>Stellantis (<a href=\"\/stock\/STLA\">STLA<\/a>)<\/strong> issued a major recall of <strong>955,000 vehicles<\/strong> due to a software glitch that prevents rearview camera images from appearing on infotainment screens.<\/li>\n<li><strong>U.S. Homebuilder Confidence<\/strong> unexpectedly rose to <strong>35<\/strong> in August, beating estimates of 33, though the index remains in contraction territory below the 50-point threshold.<\/li>\n<li><strong>France\u2019s 30-year bond yield<\/strong> hit an 18-year high of <strong>4.86%<\/strong>, reflecting continued pressure on European sovereign debt markets.<\/li>\n<\/ul>\n<h2>Nvidia and OpenAI Strike Historic $100 Billion Infrastructure Deal<\/h2>\n<p><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) has agreed to provide a credit backstop capped at <strong>$105 billion<\/strong> for a massive new <strong>OpenAI<\/strong> data center project in Pike County, Ohio. Developed in partnership with <strong>SB Energy<\/strong> (a SoftBank subsidiary), the <strong>PORTS-Pike Technology Campus<\/strong> is expected to be a six-year buildout through 2032, creating <strong>35,000 construction jobs<\/strong> and <strong>2,500 long-term operating positions<\/strong>.<\/p>\n<p>The deal secures a long-term home for <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>\u2019s hardware, with the chipmaker projecting that OpenAI\u2019s commitments could represent roughly <strong>$600 billion of <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> compute<\/strong> through 2030. Under the terms, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> will also invest <strong>$1.5 billion<\/strong> directly into SB Energy. The facility is designed to house over <strong>1 million AI chips<\/strong>, with the first 800 megawatts of power slated to come online in 2028.<\/p>\n<h2>Precious Metals and Fixed Income Markets in Flux<\/h2>\n<p><strong>Spot Gold<\/strong> rose 1% on Monday to reach <strong>$4,419.79\/oz<\/strong>, maintaining its upward momentum despite a revised outlook from <strong>Wells Fargo Investment Institute<\/strong>. The bank cut its year-end 2026 gold target to <strong>$4,900-$5,100\/oz<\/strong> (down from $5,300-$5,500), citing a shift in Federal Reserve expectations. Wells Fargo now expects the Fed to <strong>hike rates by 25 basis points<\/strong> this year, a reversal from its previous forecast of no change.<\/p>\n<p>In the bond market, <strong>France\u2019s 30-year bond yield<\/strong> climbed back to an 18-year high of <strong>4.86%<\/strong>. This surge in yields comes as global investors recalibrate for a &quot;higher-for-longer&quot; interest rate environment. Simultaneously, <strong>J.P. Morgan<\/strong> raised its 2026 year-end target for Japan&#39;s <strong>TOPIX index<\/strong> to <strong>4,600<\/strong>, suggesting a more bullish outlook for Japanese equities relative to European debt.<\/p>\n<h2>Automotive Recalls and Consumer Credit Trends<\/h2>\n<p>Stellantis (<a href=\"\/stock\/STLA\">STLA<\/a>) is recalling approximately <strong>955,000 vehicles<\/strong> across several brands, including Jeep, Ram, and Chrysler. The company identified a <strong>radio software glitch<\/strong> that may prevent the rearview camera image from displaying, a violation of federal safety standards. This follows previous software-related recalls for the automaker as it struggles with quality control in its U.S. operations.<\/p>\n<p>On the consumer front, a new SEC filing revealed that <strong>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>)<\/strong> credit card delinquency rates stood at <strong>1.26%<\/strong> at the end of July. While this remains relatively low by historical standards, it highlights the ongoing scrutiny of consumer health amid persistent inflation. Meanwhile, <strong>UBS<\/strong> lowered its price target for <strong>Marvell Technology (<a href=\"\/stock\/MRVL\">MRVL<\/a>)<\/strong> to <strong>$300<\/strong> from $340, reflecting a more cautious stance on semiconductor valuations outside of the immediate AI infrastructure boom.<\/p>\n<h2>U.S. Housing Market Shows Modest Recovery<\/h2>\n<p>The <strong>NAHB Housing Market Index<\/strong> for August rose to <strong>35<\/strong>, outperforming the consensus estimate of 33 and the previous month&#39;s reading of 34. Despite the slight uptick, the index has remained below the neutral 50-point mark for 16 consecutive months. Builders continue to report that <strong>high construction costs<\/strong> and <strong>elevated mortgage rates<\/strong> are keeping many prospective buyers on the sidelines, though the Midwest has emerged as a regional bright spot with new home sales rising over 2% so far this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) has committed to a $100 billion+ credit backstop for a massive OpenAI data center in Ohio, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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