Nvidia (NVDA) CEO Jensen Huang announced a transformative partnership with OpenAI (PC:OPAIQ) during a CNBC interview, highlighting that OpenAI will now purchase Nvidia chips directly, rather than through cloud providers like Microsoft (MSFT) Azure. This marks a significant evolution in their collaboration, paving the way for OpenAI to build its own AI infrastructure. Nvidia plans to invest up to $100 billion to develop dedicated AI data centers, providing about 10 gigawatts of computing power, with the first gigawatt expected online by late 2026. This ambitious project reflects Nvidia’s expanding role in AI, compared to its ongoing work with partners like Oracle (ORCL) and Intel (INTC). Meanwhile, Nvidia stock is currently rated as a Strong Buy by Wall Street, with 35 Buy ratings and a target price indicating a 17.89% upside potential. This partnership underlines Nvidia’s commitment to advancing AI technology and solidifying its market leadership.
Source link
