Nvidia’s (NVDA) plan to invest $100B in OpenAI has helped reset market expectations about the startup’s finances, a familiar play for Nvidia, Robbie Whelan and Bradley Olson of The Wall Street Journal reports. CEO Jensen Huang has repeatedly used the confidence investors have in Nvidia’s future to strengthen the company’s supply chain partners. The deal highlights an issue some investors call “circularity” in Nvidia’s prospects, where the company boosts demand for its AI chips by supporting startups and other companies.
Claim 30% Off TipRanks
Forget margin or options. Here's how the pros trade NVDAPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia price target raised to $225 from $214 at Evercore ISI
- Nvidia’s Strategic Investment in OpenAI and Dominance in AI Sector Justifies Buy Rating
- Nvidia, OpenAI deal has 2 separate transactions, Reuters reports
- Nvidia’s Strategic Partnership with OpenAI: A Catalyst for AI Market Leadership and Revenue Growth
- Wells upgrades CoreWeave with demand ‘too strong to ignore’