{"id":66671,"date":"2026-08-17T16:08:12","date_gmt":"2026-08-17T20:08:12","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-openai-105b-data-center-deal-and-us-canada-auto-tariff-talks-headline-market-moves\/66671\/"},"modified":"2026-08-17T16:08:12","modified_gmt":"2026-08-17T20:08:12","slug":"nvidia-openai-105b-data-center-deal-and-us-canada-auto-tariff-talks-headline-market-moves","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-openai-105b-data-center-deal-and-us-canada-auto-tariff-talks-headline-market-moves\/66671\/","title":{"rendered":"Nvidia-OpenAI $105B Data Center Deal and US-Canada Auto Tariff Talks Headline Market Moves"},"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 a massive <strong>$105 billion financial guarantee<\/strong> to back a new <strong>8-gigawatt<\/strong> data center project in Ohio for OpenAI, marking one of the largest infrastructure deals in AI history.<\/li>\n<li>The U.S. and Canada are negotiating a reduction in auto tariffs from <strong>25% down to 15%<\/strong>, with discussions centering on &quot;value content deductions&quot; to lower the effective rate for manufacturers.<\/li>\n<li><strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> is reportedly preparing for an August launch of its <strong>Cybercab<\/strong>, a dedicated robotaxi designed without a steering wheel or pedals, with initial public trials targeted for Austin, Texas.<\/li>\n<li>U.S. Energy Secretary Chris Wright confirmed the <strong>Strategic Petroleum Reserve (SPR)<\/strong> remains at <strong>300 million barrels<\/strong> and will be replenished to higher levels following the conclusion of the current Iran conflict.<\/li>\n<li>U.S. Trade Representative Jamieson Greer signaled a flexible approach to trade disputes with Britain, stating he will not set &quot;artificial timelines&quot; for the removal of the UK\u2019s <strong>Digital Services Tax<\/strong>.<\/li>\n<\/ul>\n<h2>Nvidia and OpenAI\u2019s Massive Ohio Infrastructure Play<\/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 entered into a landmark agreement to provide up to <strong>$105 billion<\/strong> in credit support for a sprawling data center campus in Pike County, Ohio. The facility, developed by SoftBank-owned SB Energy, will be leased by OpenAI for 20 years and is planned to reach a massive <strong>8 gigawatts<\/strong> of computing capacity.<\/p>\n<p>The first <strong>800 megawatts<\/strong> of capacity are targeted to come online by <strong>2028<\/strong>. <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) CEO Jensen Huang clarified that the deal is intended to secure &quot;long-lived infrastructure&quot; for the company&#39;s compute products, specifically designed to house over <strong>1 million AI chips<\/strong>. This project is expected to create approximately <strong>35,000 construction jobs<\/strong> and 2,500 permanent roles through 2032.<\/p>\n<h2>U.S.-Canada Auto Tariff Negotiations Intensify<\/h2>\n<p>Sources familiar with trade negotiations report that the U.S. and Canada are discussing a significant reduction in auto tariffs. The proposed plan would see the current <strong>25% tariff<\/strong> on Canadian-made vehicles drop to <strong>15%<\/strong> after accounting for specific value content deductions.<\/p>\n<p>A primary sticking point remains the scope of these deductions; while U.S. officials prefer deducting only <strong>U.S.-specific content<\/strong>, Canadian negotiators are pushing for all <strong>North American content<\/strong> to be excluded from the tariff calculation. Industry officials view the 15% rate as a vital improvement, aligning Canada with the rates currently applied to Japan, South Korea, and the European Union.<\/p>\n<h2>Tesla Readies &quot;Cybercab&quot; for Austin Debut<\/h2>\n<p>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) is moving closer to the public launch of its <strong>Cybercab<\/strong> robotaxi, with internal targets set for late August. The vehicle, which lacks traditional controls like a steering wheel or pedals, has recently been spotted testing with integrated <strong>Starlink<\/strong> hardware to provide high-speed connectivity for passengers.<\/p>\n<p>The launch is expected to begin in <strong>Austin, Texas<\/strong>, where Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) has already conducted training with local first responders and provided employee rides on private roads. While the August launch represents a &quot;soft&quot; rollout, CEO Elon Musk has emphasized that volume production will depend on accumulating more Cybercab-specific driving data.<\/p>\n<h2>Energy Policy and Global Trade Deadlines<\/h2>\n<p>U.S. Energy Secretary Chris Wright addressed the ongoing energy market volatility, stating that the administration will soon announce moves to help refiners boost fuel production. Wright noted that U.S. refineries are operating at record highs, and the <strong>SPR<\/strong> will be maintained as a buffer during the Iran conflict. He projected that the reserve would ultimately hold more than its current <strong>300 million barrels<\/strong> once the conflict subsides.<\/p>\n<p>In the realm of international trade, USTR Jamieson Greer declined to set a firm deadline for Britain to scrap its <strong>Digital Services Tax<\/strong>. This &quot;no artificial timelines&quot; stance suggests a preference for continued negotiation over immediate retaliatory measures, even as the U.S. continues to push for the tax&#39;s removal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) has committed a massive $105 billion financial guarantee to back a new 8-gigawatt data center project 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