1. Nvidia's CEO states no funds have been allocated to OpenAI yet. 2. The company plans to invest $100 billion in ChatGPT developer.
FAQ
Why Bullish?
The intention to invest $100 billion indicates strong growth potential. Previous strategic investments in AI have positively influenced stock valuations.
How important is it?
The potential investment in OpenAI can drive future demand for Nvidia's AI chips, increasing future profitability.
Why Long Term?
The impact of such a substantial investment will materialize over years, enhancing Nvidia’s market position.