Huang’s $100Bn Bet on OpenAI Helps Push Nvidia to $5T

Nvidia’s strategic $100 billion investment in OpenAI is a key driver behind the chipmaker’s ascent to a historic $5 trillion valuation. The company, led by CEO Jensen Huang, hit the $5.05 trillion mark on Wednesday, cementing its role as the indispensable provider to the artificial intelligence industry.
The massive OpenAI partnership will add at least 10 gigawatts of Nvidia AI datacenters, providing a critical ramp-up in computing power for the owner of ChatGPT. This deal comes alongside other major announcements, including $500 billion in chip orders, a robotaxi deal with Uber, and a $1 billion 6G partnership with Nokia.
This flurry of activity, combined with insatiable demand for its AI chips, caused Nvidia’s value to jump from $4 trillion to $5 trillion in a mere three months. The company’s rise has been championed by President Donald Trump, who owns Nvidia stock and recently called Huang “incredible.”
The AI boom is being hailed as the most significant tech shift since the iPhone 18 years ago. Apple rode that wave to $1T, $2T, and $3T. Now, Nvidia is riding the AI wave at an even faster pace.
However, the $100 billion OpenAI deal is also a focal point for critics. They warn of an AI bubble, noting the “circular” nature of the investment: Nvidia invests in OpenAI, which then uses the money to buy Nvidia’s chips. This, coupled with reports of failing AI projects, has the Bank of England and IMF raising alarms.