Nvidia Shares Surge on Landmark OpenAI Partnership and Strategic Intel Alliance

Nvidia’s stock experienced a significant rally, climbing over four percent to reach a new record high, fueled by the announcement of a monumental strategic partnership with OpenAI. The artificial intelligence chip leader has unveiled plans for a staggering investment that could reach $100 billion in the AI research lab.

The core of the market’s enthusiastic response centers on a meticulously structured investment plan. Nvidia will commit up to $100 billion to OpenAI in a phased manner, with each funding tranche activated as additional computing capacity comes online. The ultimate objective of this collaboration is to construct massive AI data centers with a minimum capacity of ten gigawatts. These facilities will be powered exclusively by Nvidia’s most advanced technology.... Read more...