New York, Feb 22, 2026, 11:23 EST — Market closed.
- Oracle shares dropped on Friday, with AI-driven trades still jittery going into a packed week for chip and software results.
- Nvidia’s push for a $30 billion stake in OpenAI has shifted the spotlight onto OpenAI’s funding, drawing renewed attention from cloud suppliers.
- Nvidia’s earnings are on deck, with investors also scanning for updates around OpenAI’s funding negotiations.
Oracle Corp closed out Friday, Feb. 20 at $148.08, down 5.4%. Shares swung between $157.85 at their peak and $147.42 at the low during the session.
U.S. markets are closed Sunday, leaving traders to face Monday with one thing top of mind: just how quickly will the OpenAI ramp-up show up as actual cloud revenue, and at what cost in cash?
Nvidia is nearing a $30 billion investment in OpenAI as the AI startup hunts for over $100 billion in fresh funding, according to a person familiar with the talks who spoke to Reuters. The deal, if it lands, would peg OpenAI’s value around $830 billion, Reuters said. SoftBank and Amazon are expected to join the round as well. Nvidia wouldn’t comment.
Reuters, citing a source with knowledge of the situation, reported late Friday that OpenAI aims to ramp up its total “compute” spending to about $600 billion by 2030. The move comes as the company gears up for a potential IPO that could put its valuation as high as $1 trillion. That same source pegged OpenAI’s 2025 revenue at $13 billion, with spending for the year hitting $8 billion. Reuters
Oracle’s now riding the wave as a proxy for that spend. Earlier this month, the company told investors it’s looking to pull in $45 billion to $50 billion in 2026—using both debt and equity—to ramp up cloud infrastructure. All of this comes amid a $300 billion deal with OpenAI. Oracle positioned the fundraising as a way to safeguard its investment-grade rating, which helps keep borrowing costs down. “The perception is that Oracle’s fortunes are now heavily tied to OpenAI,” said Russ Mould, investment director at AJ Bell, in a note. Reuters
Broader market action hasn’t provided much support. Now, attention shifts to Nvidia—investors are parsing both the company’s results and what the execs say, trying to judge if the AI rally is still justifying its own costs. “It’s hard for Nvidia to surprise when everyone expects it to surprise,” said Marta Norton, chief investment strategist at Empower. Reuters
Beyond the corporate news cycle, investors are grappling with renewed trade-policy jitters. The U.S. Supreme Court has just overturned much of President Donald Trump’s tariff framework, but Trump wasted no time, pushing through another round of global levies. Volatility risk isn’t going anywhere as Monday approaches.
But there’s a clear risk staring right back: OpenAI’s fundraising could stall out, fall short, or show up saddled with stricter conditions. That would push investors to scrutinize just how fast Oracle can translate all this new AI muscle into revenue—and start questioning if any funding package might shift extra risk onto shareholders or bondholders beyond what they bargained for.
Nvidia drops its fourth-quarter numbers Feb. 25 at 2:00 p.m. PT (5:00 p.m. ET). Investors are zeroed in on demand signals and any signs of acceleration—or slowdown—in data-center buildouts up and down the AI supply chain.
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