NVIDIA's Jensen Huang denies rumors of changes in the deal with OpenAI: Everything is progressing as planned

Wallstreetcn
2026.02.03 20:40
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NVIDIA CEO Jensen Huang stated that he will participate in OpenAI's next round of financing, calling it "the largest private fundraising in history." Earlier on Monday, Altman also publicly expressed confusion about where these crazy statements came from, stating that it produces "the world's best AI chips." Previously, the market reported that the "hundred billion dollar deal" between the two parties was stalled, and NVIDIA's stock price fell nearly 3% on Monday, continuing to decline after the market opened on Tuesday, dropping over 4%

NVIDIA CEO Jensen Huang denied rumors of a strained relationship with OpenAI, confirming participation in OpenAI's next round of financing and calling it "the largest private fundraising in history."

On Tuesday, February 3rd, Jensen Huang made it clear during an interview with CNBC's Jim Cramer that the company's investment plans in OpenAI are still "on track," denying recent market rumors about a strained relationship between the two parties. He emphasized:

There is absolutely no controversy; these claims are purely nonsense... There is nothing dramatic; everything is proceeding as planned... We are very happy to collaborate with OpenAI.

Jensen Huang further confirmed that NVIDIA will participate in OpenAI's next round of financing, which he described as "the largest private fundraising in history." On Monday, Altman responded to discussions about the company's relationship with NVIDIA on social media:

We are very happy to collaborate with NVIDIA; they make the best AI chips in the world. We hope to be their major customer for a long time. I don't understand where these crazy claims are coming from.

Previously, Wall Street Journal mentioned that NVIDIA and OpenAI's "hundred billion dollar deal" was at a standstill. The news continued to ferment, leading NVIDIA's stock to close down nearly 3% on Monday, and it continued to decline after Tuesday's opening, dropping over 4%, leading the tech sector, and has cumulatively fallen 16% from its October peak.

NVIDIA Commits to Long-term Investment Participation

Jensen Huang stated on Tuesday that NVIDIA will invest in OpenAI's next round of financing, "there is no doubt about it."

He added that NVIDIA will consider participating in any future financing rounds of OpenAI and hopes to be involved in OpenAI's eventual IPO.

Since its establishment, OpenAI has been using NVIDIA's GPUs to build and run its AI models.

Last September, Jensen Huang and OpenAI CEO Sam Altman jointly announced a letter of intent, with NVIDIA planning to invest up to $100 billion in this AI lab in phases. According to the agreement, OpenAI will build AI infrastructure based on NVIDIA technology, with power demands reaching 10 gigawatts.

However, in recent months, Altman has stated that OpenAI does not have enough chips to meet the demand for products like ChatGPT, and that acquiring more computing power could generate more revenue.

OpenAI has reached chip deals with NVIDIA's competitors, including AMD, Broadcom, and Cerebras. This series of actions has sparked market speculation about the relationship between the two parties

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