Nvidia President and CEO Jensen Huang speaks to the media as he arrives for a meeting with the Senate Banking Committee at the Capitol on December 3, 2025 in Washington, DC.
Anna Moneymaker | Getty Images
Nvidia’s Shares fell in pre-market trading on Monday after reports that the company’s $100 billion investment plan in OpenAI fell through.
Shares of the semiconductor giant were down 1.8% as of 6:30 a.m. ET. The Wall Street Journal on Friday, citing people familiar with the matter, said company insiders said there was uncertainty about the deal between Nvidia and OpenAI.
In September, Nvidia announced an agreement with OpenAI to build at least 10 gigawatts of computing power and invest up to $100 billion for OpenAI.
However, Mr. Huang told industry officials late last year that the $100 billion investment was not binding and had not been finalized. The longtime CEO also criticized OpenAI’s lack of discipline in its business strategy and shared concerns about competition from companies such as: of the alphabet Google and Anthropic, as reported by WSJ.
Nvidia’s year-to-date stock price
Over the weekend, Hwang dismissed claims that he was dissatisfied with OpenAI as “nonsense” but reiterated that the investment would not exceed $100 billion.
“We’re going to make a huge investment in OpenAI. I believe in OpenAI. Their work is incredible, they’re one of the most influential companies of our time, and I absolutely love working with Sam,” he said of OpenAI CEO Sam Altman.
In comments reported by Bloomberg, Huang added: “Sam is closing on a round (of investment) and we will absolutely be involved.” “We invest a lot of money. This is probably the biggest investment we’ve ever made.”
Why did the stock fall?
Sara Kunst, managing director at Creo Capital, told CNBC’s “Worldwide Exchange” on Monday that the cause for concern is the lack of clarity about the exact amount invested in OpenAI.
“One of the things I noticed about Jensen Huang is that there were no strong words like, ‘It’s going to be $100 billion.’ It was, ‘It’s going to be big. This is going to be our biggest investment in history.'” So I think there are some question marks there… It’s not normal for that kind of interaction between investors and startups to happen in the media,” Kunst added.
