Nvidia stock surged 4% after announcing a $100 billion investment in OpenAI. The partnership will provide 10 gigawatts of compute capacity for AI models, with the first phase set to launch in 2026. Nvidia CEO Jensen Huang praised the decade-long collaboration with OpenAI.

The ambitious OpenAI-Nvidia deal promises more compute capacity than Meta’s massive AI data center. Nvidia continues to expand AI investments, including a $5 billion stake in Intel and plans to deploy AI chips in the UK. The company also signed a $6.3 billion deal with CoreWeave.

OpenAI secures more AI data center capacity, despite concerns over profitability. The tech firm inked a $300 billion deal with Oracle for computing power. Nvidia’s stock surge on Monday positions the company near its record high, boasting a market cap over $4 trillion as the world’s most valuable company.

Read more at Yahoo Finance: Nvidia stock jumps on $100 billion OpenAI investment