Nvidia Stock Hits Record on $100B OpenAI Partnership

Nvidia (NASDAQ: NVDA) surged 4.5% to an all-time intraday high after unveiling a landmark partnership with OpenAI. The deal will see Nvidia deploy 10 gigawatts of advanced AI systems for the ChatGPT creator, with investments of up to $100 billion tied to each gigawatt milestone. The first gigawatt is set for deployment in the second half of 2026 on the Nvidia Vera Rubin platform.

The agreement positions Nvidia as OpenAI’s preferred compute and networking partner, enhancing the company’s ability to train and scale its next-generation AI models. OpenAI, which now boasts over 700 million weekly active users, will work closely with Nvidia to co-optimize software and hardware roadmaps. This collaboration builds on OpenAI’s existing alliances with Microsoft, Oracle, and SoftBank.

Nvidia CEO Jensen Huang emphasized the companies’ long-standing relationship, noting the evolution from the first DGX supercomputer to ChatGPT’s success. Analysts see massive financial implications: Barclays’ Tom O’Malley estimated each gigawatt could generate about $35 billion in Nvidia revenue, projecting more than $350 billion from the partnership. Bloomberg Intelligence’s Kunjan Sobhani echoed the bullish outlook, citing stronger demand visibility through 2026 and beyond.

However, not all analysts were convinced. DA Davidson’s Gil Luria warned that Nvidia may be stepping in as a “last resort investor” to support OpenAI’s heavy commitments. Importantly, the deal does not replace OpenAI’s current partnerships or in-house chip development efforts.

Nvidia’s stock has gained over 30% in 2025 and more than 50% in the past year, underscoring investor confidence in its AI leadership. Final details of the partnership are expected in the coming weeks, but the scale already signals a transformative leap in the AI infrastructure race.