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NVDA
New York Post
3 hrs

Nvidia investing up to $100B in ChatGPT owner OpenAI to create ‘new AI breakthroughs'

1. Nvidia will invest up to $100 billion in OpenAI for chips. 2. The partnership aims for 10 gigawatts of Nvidia chips for AI infrastructure. 3. OpenAI will pay Nvidia in cash for chips while Nvidia takes shares. 4. Investment could lead to antitrust scrutiny in the tech industry. 5. Nvidia's shares rose by 4.4% following the announcement.

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FAQ

Why Very Bullish?

The substantial investment reaffirms Nvidia's pivotal role in AI, boosting investor confidence.

How important is it?

This significant investment in AI infrastructure aligns with Nvidia's core business strategy, likely driving future growth.

Why Long Term?

The deal strengthens Nvidia's market position, influencing share performance over several quarters.

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