Overview

• Reuters reported the companies signed a letter of intent for at least 10 gigawatts of Nvidia systems for OpenAI, with Nvidia reportedly considering up to a $100 billion investment.
• Nvidia shares eased after a fresh intraday high, falling 3.6% over two sessions and briefly slipping below the 50‑day moving average before recovering to that level.
• Barclays’ Tom O’Malley reiterated an overweight rating and raised his price target to 240, while Mizuho’s Jordan Klein cautioned that highflying AI chip names could see a modest reset.
• Hargreaves Lansdown’s Matt Britzman estimated roughly $50 billion in revenue per gigawatt of AI capacity for Nvidia, implying as much as $500 billion if the project proceeds at the reported scale.
• Commentary framed Nvidia’s expanding hardware‑software ecosystem as a growing advantage and suggested the OpenAI pact could ease China‑related sales concerns, even as rivals like AMD and Broadcom also stand to benefit from AI data‑center spending.