Nvidia Shares Rise After $100 Billion Investment in OpenAI
NVIDIA, the AI chipmaker, is now the most valuable publicly traded company, reaching a market capitalization of $4.293 trillion.
Quick overview
- Nvidia shares increased by 3.44% to $182.33 following the announcement of a partnership with OpenAI to form an AI infrastructure alliance.
- The collaboration aims to build at least 10 gigawatts of AI data centers, with the first phase expected to launch in the second half of 2026.
- OpenAI will utilize Nvidia's systems, requiring millions of advanced GPUs, to enhance its AI capabilities.
- Nvidia has become the most valuable publicly traded company, reaching a market capitalization of $4.293 trillion.
Nvidia shares rose 3.44% to $182.33 each by midday trading on the Nasdaq after the chipmaker announced it had signed a letter of intent to form an artificial intelligence infrastructure alliance with OpenAI and invest up to $100 billion in the Microsoft-backed company.
The partnership aims to build and deploy at least 10 gigawatts of AI data centers. The first phase is expected to go live in the second half of 2026 using Nvidia’s Vera Rubin platform, according to a joint statement. Both companies said they plan to finalize the details of the alliance in the coming weeks.
“Computing infrastructure will be the foundation of the future economy,” said Sam Altman, OpenAI’s CEO, in the release. “With Nvidia, we’re building systems that will drive new breakthroughs in AI and empower people and businesses at scale.”
The collaboration will enable San Francisco–based OpenAI to build and deploy AI data centers powered by Nvidia systems, requiring millions of advanced graphics processing units (GPUs). The companies noted that the first systems are expected to be operational in the second half of next year.
Race for the World’s Most Valuable Company Heats Up
The race to become the world’s most valuable company continues. For now, NVIDIA has taken the lead, though Microsoft, Apple, and Amazon remain close behind. NVIDIA, the AI chipmaker, is now the most valuable publicly traded company, reaching a market capitalization of $4.293 trillion—the first company ever to touch this level.
In second place is Microsoft, valued at $3.85 trillion, followed by Apple, the iPhone maker, at $3.643 trillion.
Alphabet, Google’s parent company, holds fourth place with a market capitalization of $3.083 trillion, while e-commerce giant Amazon rounds out the top five at $2.469 trillion.
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