New York, Feb 1, 2026, 09:33 ET — The market is now closed.
- Nvidia slipped 0.7% from Friday’s close, last changing hands at $191.13
- CEO Jensen Huang announced Nvidia plans a “huge” investment in OpenAI, though it won’t approach $100 billion
- Investors enter the week focused on updates about OpenAI funding and Nvidia’s earnings due February 25
Nvidia shares are poised for a volatile start Monday following CEO Jensen Huang’s rebuttal of rumors that the company’s planned investment in OpenAI had stalled. (Reuters)
In after-hours trading, the stock fell $1.30 to $191.13, a drop of roughly 0.7% from Friday’s close. During the session, it fluctuated between $188.33 and $194.45.
Why it matters now: OpenAI stands out as one of the biggest buyers and partners driving demand for Nvidia’s data-center chips amid the AI surge. Any doubts about OpenAI’s funding send shockwaves through forecasts for computing investments. Investors often see massive funding rounds as a direct signal of how quickly AI labs will expand data centers — and how many chips they’ll consume. (Reuters)
The Wall Street Journal reported on Friday that Nvidia’s plan to invest up to $100 billion in OpenAI has hit a snag amid internal skepticism, Reuters said. Talks reportedly pivoted toward a smaller equity stake worth tens of billions within OpenAI’s ongoing fundraising round. (Reuters)
Nvidia told Reuters in an email, “We have been OpenAI’s preferred partner for the last 10 years. We look forward to continuing to work together.” OpenAI did not immediately reply to Reuters’ request for comment. (Reuters)
Huang told reporters in Taipei that claims he was unhappy with OpenAI were “nonsense,” calling Nvidia’s upcoming investment “huge.” When asked if the figure would top $100 billion, he replied, “No, no, nothing like that.” (Reuters)
Huang mentioned OpenAI CEO Sam Altman is “closing the round” and confirmed Nvidia would “absolutely be involved,” suggesting this could be Nvidia’s biggest investment yet, though he didn’t specify the amount. (Reuters)
The news comes as Big Tech and major investors scramble to get closer to OpenAI, which Reuters has reported is aiming to raise up to $100 billion at a valuation near $830 billion. This week, Reuters also revealed Amazon is in talks to pour tens of billions into OpenAI, with talks potentially topping $50 billion. (Reuters)
There’s a downside risk here: The Journal noted the earlier $100 billion deal was non-binding. Plus, the exact size, timing, and setup of any Nvidia investment are still up in the air. If OpenAI’s fundraising cools off or comes with tougher conditions, it could throw a wrench into near-term AI infrastructure spending — a key driver behind the chip sector’s recent gains. (Reuters)
Aside from the OpenAI buzz, investors are eyeing Nvidia’s upcoming earnings. The company will report Q4 and fiscal 2026 results for the period ending Jan. 25, followed by a conference call on Feb. 25 at 5 p.m. ET. Results are expected around 4:20 p.m. ET. (NVIDIA Newsroom)
Traders on Monday will be on the lookout for further details on the OpenAI funding round. Nvidia’s update on Feb. 25 could shed light on the scale of investment and customer appetite. (Reuters)
