The Nvidia (NVDA)-OpenAI deal has two separate transactions: Nvidia will invest in OpenAI for non-voting shares, then OpenAI can use the cash to buy Nvidia’s chips, Deepa Seetharaman and Akash Sriram of Reuters report.
Claim 30% Off TipRanks
New trading tool for NVDA bearsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia’s Strategic Partnership with OpenAI: A Catalyst for AI Market Leadership and Revenue Growth
- Wells upgrades CoreWeave with demand ‘too strong to ignore’
- Nvidia’s Strategic Investment in OpenAI: A Catalyst for AI Ecosystem Leadership
- Nvidia’s Strategic Positioning and Growth Potential Highlighted by OpenAI Deal and Undervalued Stock
- AMD Stock: Does Wall Street See More Upside Amid Rising Competition?