Overview

• Media reports describe a Nvidia–OpenAI partnership to build roughly 10 gigawatts of data‑center capacity with Nvidia investing about $100 billion.
• After a record intraday high on Monday, Nvidia shares fell 3.6% over two sessions and briefly dipped below the 50‑day moving average before recovering to that level.
• Other AI‑linked chip names including Astera Labs, Credo Technology and Micron also declined as investors reassessed lofty valuations.
• Barclays reiterated an overweight rating on Nvidia and raised its price target to 240, citing more than $2 trillion in planned AI infrastructure spending with potential tailwinds for AMD and Broadcom.
• UBS maintained a Buy and tied the OpenAI pact to Nvidia’s path toward a $3–4 trillion TAM by 2030 with competitive implications for AMD and Broadcom, while Mizuho recommended profit‑taking on recent highfliers.