(Bloomberg) — Nvidia Corp. (NVDA) Chief Executive Officer Jensen Huang said the company’s proposed $100 billion investment in OpenAI (OPAI.PVT) was “never a commitment” and that the company would consider any funding rounds “one at a time.” “It was never a commitment,” Huang told reporters in Taipei on Sunday. “They invited us to invest up to $100 billion and of course, we were, we were very happy and honored that they invited us, but we will invest one step at a time.” Photographer: Lam Yik Fei/Bloomber ...

Nvidia (NVDA) stock has largely traded sideways since August, hovering in the $180 range amid investor concerns over the company sustaining its explosive growth trajectory, persistent chip shortages, and the significant loss of access to the lucrative Chinese market due to escalating U.S.-China trade tensions. These factors have weighed on sentiment, limiting upward momentum despite the company's artificial intelligence (AI) dominance. However, recent developments signal a potential shift: Beijing has gi ...

“Clearly for Nvidia, as this stuff gets built out, they want it built out on their technology,” Bernstein analyst Stacy Rasgon said. “Once you get entrenched, it’s much more difficult for competitors to come in and take it away.”The strategy, according to Huang, is to support the broader AI ecosystem. So far, Nvidia has been the largest recipient of the massive surge in spending on AI infrastructure. For that to continue, analysts say, it needs AI adoption to take off in the broader economy, buoyed by a sle ...