Nvidia share price climbs to a record high on OpenAI partnership buzz. Do you own?
Nvidia share price jumped 4% on Monday after the company said it will invest up to $100 billion in OpenAI and supply it with data center chips and other artificial intelligence infrastructure.
Nvidia stock price ended 3.97% higher at $183.61 apiece, after hitting a record high of $184.55 level during the session on Monday. The company’s market capitalisation was at $4.46 trillion. In the extended trade, Nvidia shares fell 0.55%.
The strategic deal between Nvidia and OpenAI is meant to help OpenAI build data centers with a capacity of at least 10 gigawatts of power — equipped with Nvidia’s advanced chips to train and deploy AI models.
As part of the deal, Nvidia will receive equity stake in OpenAI against its investment made in cash….
