Zacks.com users have recently been watching Nvidia (NVDA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The stock of the semiconductor giant Nvidia (NASDAQ: NVDA) has been struggling to maintain its value since 2026 started, and suffered a sharp, 5.90% decline in the last week of trading that took it from approximately $190 to its February 4 pre-market price of $179.54.
NVIDIA Corporation (NVDA) Presents at Second Annual AI Summit Transcript
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is reportedly close to finalising a $20 billion investment in OpenAI, which would mark its largest single outlay to date. Cited in by Bloomberg, sources familiar with the matter said the deal is nearing completion but has not yet been finalised and may still change.
Nvidia CEO Jensen Huang dismissed fears that artificial intelligence will replace software and related tools, calling the idea "illogical", after a significant selloff in global software stocks on Tuesday.
Nvidia is nearing a deal to invest $20 billion in OpenAI as part of its latest funding round, Bloomberg News reported citing people familiar with the matter.
OpenAI and Nvidia, the two companies at the center of the AI boom, have yet to make progress on a $100 billion agreement from September. Since the deal was announced, Nvidia has invested in other AI labs, while OpenAI has forged agreements with rival chipmakers.
Nvidia -backed British artificial intelligence group Nscale Global Holdings has hired Goldman Sachs and JPMorgan to prepare for an initial public offering, people familiar with the matter said.
Nvidia would consider investing in OpenAI's next fundraising round and also in the startup's eventual IPO, CEO Jensen Huang told CNBC in an interview on Tuesday.
Nvidia CEO Jensen Huang said the chipmaker's plan to invest in OpenAI remains "on track" in an interview with CNBC's Jim Cramer. "There's no controversy at all.
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After a stretch of underperformance, Nvidia's stock could come alive after earnings, upcoming industry events and the expected launch of new AI models by companies using its Blackwell chips.