Nvidia's stock (NVDA) rose 2% on Monday, driven by speculation of a potential $10 billion investment in OpenAI. CEO Jensen Huang highlighted OpenAI's significant growth potential, describing it as a 'next $10,000 billion' company. Analysts from Melius Research project that OpenAI could generate over $40 billion in annual ad revenue, which would positively impact Nvidia's stock performance.
Despite the optimism, antitrust lawyer Andre Barlow cautioned that the deal might attract scrutiny from the U.S. Department of Justice, potentially affecting Nvidia's stock. Nonetheless, analysts remain bullish, with Barclays increasing its price target to $240, citing Nvidia's strategic position in the $2 trillion AI infrastructure market.
Nvidia Stock Climbs Amid Speculation of $10 Billion OpenAI Investment
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