US EditionNvidia’s $100 Billion OpenAI Bet Is A 'Validation Moment' For Tech Stocks: Analyst - NVIDIA (NASDAQ:NVDA)
Nvidia CEO Jensen Huang calls OpenAI a key investment despite internal doubts and an unclear $100 billion funding plan involving AI data centers and infrastructure.
- On Saturday, Jensen Huang, Nvidia Corp chief executive officer, said Nvidia will participate in OpenAI's latest funding round, calling it `the largest investment we've ever made` and saying `We will invest a great deal of money`.
- The Wall Street Journal on Friday reported a plan announced by Nvidia in September last year to invest $100 billion stalled after internal doubts expressed by Nvidia's senior figures.
- Huang did not specify an amount when asked, calling the investment `huge`, while Nvidia's senior figures and CFO Colette Kress said no definitive agreement has been completed.
- Investors warned that Nvidia's investment commitments, along with Amazon.com Inc's talks to invest $50 billion and Microsoft's discussions, risk circular deals, market observers say.
- He denied reports of unhappiness, calling them `nonsense`, and said Altman is closing the round, which Nvidia will participate in.
16 Articles
16 Articles
Nvidia CEO denies 'nonsense' report he's unhappy with OpenAI. 'I really love working with Sam'
OpenAI could be the recipient of Nvidia’s largest-ever investment, but the AI chip leader isn’t going to put in $100 billion, according to CEO Jensen Huang. While speaking with reporters over the weekend in Taiwan, he was asked about a Wall Street Journal report that said he didn’t like OpenAI’s business approach and was concerned about the competition it faces from Alphabet and Anthropic. Sources also told the Journal that Nvidia’s plan to inve…
Nvidia’s $100 Billion OpenAI Bet Is A 'Validation Moment' For Tech Stocks: Analyst - NVIDIA (NASDAQ:NVDA)
Wedbush analyst Dan Ives said recent headlines around NVIDIA Corp (NASDAQ:NVDA) and OpenAI have intensified investor scrutiny, but he views the developments as constructive steps that reinforce the long-term momentum of the AI revolution. • NVIDIA stock is trading near recent highs. What should traders watch with NVDA? Nvidia's OpenAI Investment Under the Microscope Ives said investor anxiety around circular financing and "too big to fail" conce…
Coverage Details
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
