Overview

• Nvidia and OpenAI signed a letter of intent for up to $100 billion in financing and systems, with Nvidia set to supply its Vera Rubin platform starting in 2026 to help build at least 10 gigawatts of AI data‑center capacity.
• The partnership is expected to be finalized in the coming weeks and makes Nvidia OpenAI’s preferred compute and networking provider with aligned hardware and software roadmaps.
• Nvidia purchased a $5 billion stake in Intel tied to product collaboration, the U.S. government invested $5.7 billion for roughly a 10% stake to secure domestic foundry operations, and SoftBank added about $2 billion, helping lift Intel shares roughly 46% this year despite ongoing foundry losses.
• Huawei announced a three‑year plan built on a new UnifiedBus interconnect and SuperPod systems linking up to 15,488 Ascend processors, with Bloomberg‑reported claims of data movement up to 62× Nvidia’s upcoming NVLink144 and scaling toward clusters of about 1 million cards.
• Coverage notes Huawei’s chips trail Nvidia on single‑chip performance and rely on older manufacturing nodes, while Nvidia shares eased Tuesday after a strong Monday rally on the OpenAI deal.