Did OpenAI Just Ensure Nvidia Will Be The First $10 Trillion Stock?

Computing capacity is everything. At least, that is what CEO Sam Altman says about OpenAI. The artificial intelligence (AI) disruptor has been signing deals to help finance its increasing need for data centers to run its ChatGPT systems, which are growing rapidly and now have over 700 million weekly active users.The largest of these deals is with Nvidia (NASDAQ: NVDA). Nvidia will invest $100 billion incrementally into OpenAI, which will then spend the money on Nvidia chips to build 10 gigawatts or more of AI data centers. This could not only be a lucrative investment for Nvidia, but should lead to a huge revenue boost for the rest of the decade.Today, Nvidia has the largest market cap in the world, at $4.6 trillion as of this writing. Will this new OpenAI deal catalyze Nvidia to become the world's first $10 trillion stock? Let's take a closer look at the deal and find out. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool