"After announcing plans to invest up to $100 billion in OpenAI, Huang expressed his enthusiasm for OpenAI, going as far as to predict that it'd be the next multi-trillion-dollar company while also remarking on the ChatGPT maker's impressive growth rate. Indeed, with two of the biggest forces in this AI revolution partnering up in a deal that's sure to be transformative, it's hard not to grow euphoric about the state of the AI trade again."
"More recently, OpenAI announced that it had also entered a multi-year partnership with Advanced Micro Devices ( NASDAQ:AMD), a move that sent shares of AMD rocketing close to 24% in a single trading session. With enough GPU support and a big vote of confidence from Jensen and Nvidia, I do think OpenAI may very well sport a valuation north of $1 trillion sooner than a lot of people think."
Nvidia committed plans to invest up to $100 billion in OpenAI, and Nvidia CEO Jensen Huang predicted OpenAI could become a multi-trillion-dollar company. OpenAI also entered a multi-year partnership with AMD, driving AMD shares sharply higher. These GPU vendor relationships strengthen OpenAI's capacity to train larger models and deploy AI-powered applications. Continued model development (e.g., future GPT iterations), agentic AI advancements, and substantial infrastructure support increase the probability of rapid valuation growth. While concerns about an AI bubble are noted, the partnerships and technological momentum support optimism about OpenAI's market leadership and long-term expansion.
Read at 24/7 Wall St.
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