Is Nvidia's Deal With OpenAI a Game Changer?
OpenAI just gave Nvidia investors 40 billion reasons to cheer.
A number of companies have made commitments to invest in domestic infrastructure over the next several years. Chief among these initiatives is a joint venture among Oracle, SoftBank, and OpenAI. Known as Stargate, this consortium of technology leaders plans to invest $500 billion into artificial intelligence (AI) infrastructure in the U.S.
Just last week, investors finally got an update on how Stargate is progressing. In perhaps a shock to absolutely no one, semiconductor powerhouse Nvidia (NASDAQ: NVDA) is involved with a new data center for OpenAI.
Let's dig into this deal and assess why it could be a game changer for Nvidia.
