Nvidia Corp’s (NASDAQ:NVDA) stock slipped in on Monday after a Friday report said the chipmaker’s plans to invest up to $100 billion in OpenAI have stalled.
OpenAI Investment Plans Face Uncertainty
The Wall Street Journal on Friday reported, citing people familiar with the matter, that uncertainty remains around a potential deal between Nvidia and OpenAI.
Nvidia previously announced an agreement with OpenAI in September to help build at least 10 gigawatts of computing power for the AI company and to consider an investment of up to $100 billion.
According to the report, CEO Jensen Huang later told industry associates that the investment was non-binding and not finalized, while also raising concerns about OpenAI’s business discipline and competition from rivals such as Google and Anthropic.
Howver, over the weekend, Huang pushed back on claims that he was unhappy with OpenAI, calling such reports “nonsense,” but reiterated that the investment would not exceed $100 billion, CNBC reported on Monday.
Nvidia stock has gained 62% in the last 12 months, becoming the first company to top the $4.5 trillion market cap last October.
Analysts Stay Bullish On Nvidia After CES
Analysts remained bullish on Nvidia after CEO Jensen Huang used his CES 2026 keynote to highlight the company’s next-generation AI products and its long-term scaling roadmap.
Bank of America Securities analyst Vivek Arya said Nvidia’s announcements showed AI scaling remains on track, including the Vera Rubin platform, which will feature six new chips and is expected to launch in the second half of 2026.
Arya told Nvidia remains a “top AI pick,” citing leadership in AI compute, networking, and systems, as well as its broader ecosystem and strong demand for its AI products.
Rosenblatt analyst Kevin Cassidy said Nvidia’s CES updates reinforced that AI development remains in its early stages.
He said that the demand for greater computing power continues to rise across the industry as developers seek more capacity and better performance. He added that ongoing improvements in AI efficiency should help earnings growth keep pace with higher stock prices.
NVDA Price Action: Nvidia shares were down 1.36% at $188.53 at the time of publication on Monday, according to Benzinga Pro data.
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