Nvidia shares surged over 4% after the company announced plans to invest up to $100 billion in OpenAI, the creator of ChatGPT, to expand AI data centers. This partnership marks a significant milestone in Nvidia’s role within the AI sector, making it a leading force in tech innovation. Nvidia CEO Jensen Huang stated that they’ll deploy 10 gigawatts of power for the upcoming AI infrastructure, with the initial deployment scheduled for the latter half of next year on the new Vera Rubin platform. OpenAI CEO Sam Altman highlighted that this collaboration aims to drive new AI breakthroughs, enhancing capabilities for businesses and individuals. The news also positively impacted Nvidia’s partners, including Super Micro Computer and Micron Technology, boosting the broader tech market. Shares of Nvidia have increased by over a third this year, showcasing its strong market performance in the Dow, Nasdaq, and S&P 500 indices. Expect further developments as partnership details are finalized soon.
Source link
