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Why Analysts See Nvidia’s (NVDA) $100B OpenAI Bet as a Win for GPU Leadership

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in the Spotlight This Week. On September 24, Mizuho analyst Vijay Rakesh reiterated an Outperform rating and 205.00pricetargetonthestock.TheratingfollowsNvidiasannouncementofa205.00 price target on the stock. The rating follows Nvidia’s announcement of a 100billion equity investment in OpenAI. The firm noted how Nvidia’s equity investment in OpenAI to fund up to 10GW of AI data center capacity reinforces its GPU and networking dominance. OpenAI could receive the initial $10B in the next few months, with deploym ...