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Nvidia Stock Climbs as Chipmaker Unveils Plans to Invest Up to $100B in OpenAI

1. Nvidia plans up to $100 billion investment in OpenAI. 2. Shares gained nearly 4%, boosting Nvidia's market performance. 3. Investment targets AI data centers and infrastructure development. 4. Deployment of 10 gigawatts expected in the second half of next year. 5. Nvidia's stock has risen over a third in value this year.

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FAQ

Why Very Bullish?

The significant investment in OpenAI signals strong growth potential. Historical investments in AI have driven tech stocks up, as seen in past years.

How important is it?

This massive investment indicates strong confidence in AI's future. The direct relationship with OpenAI enhances Nvidia's market position in AI technology.

Why Long Term?

The deployment of infrastructure will take time, affecting future earnings. Historically, infrastructure investments in AI lead to sustained revenue growth over years.

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