Nvidia has seen a 3.93% increase in value after the company announced plans to invest $100 billion into OpenAI, a move that helped reset market expectations about its finances. This investment is part of a larger effort by Nvidia to strengthen its supply chain partners and maintain the momentum of the AI boom. The company has used its significant balance sheet to secure deals, partnerships, and investments with top customers like CoreWeave, Intel, and xAI, further boosting investor confidence in its future success.
Source: https://www.wsj.com/tech/ai/how-nvidia-is-backstopping-americas-ai-boom-875c1346