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Nvidia President and CEO Jensen Huang speaks to the media as he arrives for a Senate Banking Committee meeting on Capitol Hill in Washington, DC, December 3, 2025.
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NVIDIA The stock fell in premarket trading on Monday amid reports that the chipmaker’s plans to invest $100 billion in OpenAI were on hold.
Shares of the semiconductor giant were down 1.8% as of 6:30 a.m. ET. Company insiders said there is uncertainty about the deal between Nvidia and OpenAI, The Wall Street Journal reported on Friday, citing people familiar with the matter.
Nvidia announced Agreement with OpenAI At least 10 gigawatts of computing capacity will be built for OpenAI in September, as well as an investment of up to $100 billion.
However, Huang told industry insiders late last year that the US$100 billion investment was Non-binding and not yet final. The longtime CEO also criticized OpenAI’s business strategy for a lack of discipline and expressed concern about competition from companies such as its own. alphabetical Google and Anthropic, according to the Wall Street Journal.
Nvidia stock price year-to-date
weekend, Huang denies any claims He was dissatisfied with OpenAI, calling it “nonsense,” but reiterated that the investment would not exceed $100 billion.
“We’re going to make a huge investment in OpenAI. I believe in OpenAI, the work they’re doing is incredible, they’re one of the most influential companies of our time, and I really enjoy working with Sam,” he said of the OpenAI CEO, Sam Altman.
“Sam’s is closing this (investment) round and we will absolutely be involved,” Huang added in comments reported by Bloomberg. “We’re going to put a lot of money into it, probably the biggest investment we’ve ever made.”
Why stocks fell
Sarah Kunst, managing director of Cleo Capital, told CNBC’s “Worldwide Exchange” on Monday that what’s worrying is the uncertainty about the exact amount of investment in OpenAI.
“One thing I noticed about Jen-Hsun Huang is that he didn’t strongly say, ‘This is going to be $100 billion.’ It was, ‘This is going to be big. This is going to be our largest investment ever.’ So I do think there are some question marks… It’s not normal for this kind of back and forth between investors and startups to be in the media,” Kunst added.
