Nvida CEO Jensen Huang has said he expects spending to grow across industries as demand for AI and its applications expands. I-Hwa Cheng / AFP / Getty Images Close Key Takeaways U.S. companies expect to spend hundreds of billions of dollars on AI over the next few years, but some investors are worried those plans—and the stock market rally they've fueled—depend too much on just a handful of companies. Chip giant Nvidia (NVDA) revealed in a regulatory filing last month that two direct customers accounted for ...

Welcome to the rap. I'm Marley Kaden here to take you through this week's market action. All four major indices slipped after hitting all-time highs earlier in the week.The S&P 500 was down.3%, the Nasdaq 100 down 4%. The Dow declined by2% and small caps were down 6%. Looking at the sectors, energy was the best performer, up almost 5% with utilities up nearly 3%.Communications closed as the biggest lagard, selling off nearly 3% while materials also fell 2%. The biggest S&P 500 winner of the week was Intel w ...

Nvidia Corporation‘s (NASDAQ: NVDA) recent investment in OpenAI has sparked investor concerns that the startup might buy Nvidia chips, creating a “circular” investment loop and raising questions about the move's rationale and potential impact on Nvidia's stock.Nvidia's OpenAI Deal Sparks Circular Sales ConcernsStacy Rasgon, an analyst at Bernstein, acknowledged that the OpenAI deal “will clearly fuel ‘circular’ concerns.” These concerns revolve around Nvidia investing in startups that subsequently purchase ...

Artificial intelligence (AI) hyperscaler CoreWeave has expanded its multi-billion dollar agreement with OpenAI.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Earlier this year, CoreWeave inked a partnership with O ...

Key Points OpenAI, the maker of ChatGPT, enters into a major (but non-binding) partnership with Nvidia. This deal should be a win-win for both companies. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) is no stranger to investing in its customers. The company has put billions to work to expand the artificial intelligence (AI) ecosystem, aiming for more growth and investment from its core growth market. The company's latest deal with OpenAI -- the maker of ChatGPT -- is a prime example o ...

For more uh reaction, let's bring in DA Davidson, managing director and director of research, Gil Lauria. Gil, great to have you with us. >> Thanks for having me.>> It it seems like every partnership um gets applauded by the markets. I mean, Nvidia basically hands over a check or or chips to Open AI and and that gets rewarded. Oracle gets rewarded.At what point should we actually scrutinize what this means for each company. >> Well, right now, and you've had a great conversation so far. Let me put it togeth ...

Nvidia is the "king" of the artificial intelligence boom. But if AI is just a bubble, it is in Nvidia's best interest to keep it going strong for as long as possible. Another company at the center of this bubble is OpenAI. OpenAI CEO Sam Altman admitted in his August interview with The Verge that he thinks we are in an AI bubble: The internet was a really big deal. People got overexcited. Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Altman isn't the only big ...

Tears of Nvidia falling one day after the company announced a $100 billion investment in open AI to build data centers using Nvidia's chips. Our next guest says Nvidia's cash infusion into one of the biggest customers, its biggest customers is a worrying sign. Joining us now, Tom Hancock, portfolio manager of the GMO, US Quality ETF.Tom, great to have you with us. Hi, great to have me. Why is this Why is this so concerning.I mean, isn't this a form of vendor financing, if you will, and and that's existed fo ...

Tech stocks rallied yesterday on more dealmaking, while gold surged to a fresh record overnight. This morning, crude oil is bouncing while Treasuries and the dollar are mostly flat. The Artificial Intelligence (AI) revolution continues to spawn big-money tie-ups, with the latest being Nvidia Corp.’s (NVDA) plan to invest up to $100 billion in OpenAI. OpenAI would, in turn, use Nvidia’s money to buy…Nvidia chips. Specifically, OpenAI will use the funds to build more AI data centers -- with each gigawatt of ...

Our top 10 things to watch Tuesday, Sept. 23 — Matthew J. Belvedere wrote this morning's newsletter with the help of Jeff Marks. 1. The S & P 500 was relatively flat Tuesday morning following a three-session winning streak. The index closed at a record high Monday, and so did the Nasdaq as tech stocks surged on Club holding Nvidia's gains after its OpenAI announcement . Looking ahead , Club name Costco reports earnings after Thursday's close, and the Federal Reserve's favorite inflation gauge is out Friday ...