Tue Feb 03 20:10:00 UTC 2026: ### Nvidia CEO Reassures Investors on OpenAI Partnership Amidst Doubts

The Story:
Nvidia CEO Jensen Huang has publicly affirmed that the company’s planned investment in OpenAI remains “on track,” despite recent reports suggesting a cooling in the relationship between the two AI giants. This reassurance comes after an SEC filing in November 2025 revealed that the initial letter of intent, announced in September 2025, had not been finalized, and The Wall Street Journal reported the deal was “on ice.” These reports contributed to a decline in Nvidia’s stock price. Huang addressed these concerns during an interview with CNBC’s Jim Cramer on Tuesday, February 3, 2026, emphasizing Nvidia’s commitment to investing in OpenAI’s next fundraising round.

Key Points:
* Jensen Huang stated Nvidia’s investment in OpenAI is “on track” and dismissed reports of tension as “drama.”
* Nvidia plans to invest in OpenAI’s next fundraising round, which could reach $100 billion, described as the “largest private round ever raised in history.”
* An SEC filing showed the letter of intent from September 2025 between Nvidia and OpenAI had not been finalized.
* Nvidia shares fell more than 3.4% on the news, and are 13% off their high from October 2025.
* OpenAI CEO Sam Altman responded to concerns on X (formerly Twitter), reiterating his company’s positive relationship with Nvidia.
* OpenAI has been diversifying its chip suppliers, including Advanced Micro Devices, Broadcom, and Cerebras, citing a need for more computing power to meet demand.

Critical Analysis:
The initial fanfare surrounding the Nvidia-OpenAI investment agreement, followed by the SEC filing and subsequent media reports, suggests potential negotiation difficulties or a re-evaluation of the terms. OpenAI’s move to diversify chip suppliers indicates a strategic effort to reduce reliance on a single vendor and potentially leverage competitive pricing and technology. Jensen Huang’s public reassurance serves to maintain investor confidence in Nvidia and signal continued commitment to the AI sector.

Key Takeaways:
* Public relations play a crucial role in managing investor expectations and dispelling doubts about strategic partnerships.
* Diversification of suppliers is a key strategy for companies like OpenAI to manage risk and ensure access to critical resources like computing power.
* The AI chip market is becoming increasingly competitive, with Nvidia facing challenges from other players like AMD, Broadcom, and Cerebras.
* The relationship between Nvidia and OpenAI, while seemingly strained by recent events, remains important for both companies.
* Future fundraising rounds and potential IPOs of AI companies like OpenAI will likely be closely scrutinized by investors.

Impact Analysis:
The future of the Nvidia-OpenAI partnership will significantly impact the trajectory of AI development. If the relationship remains strong, it could accelerate advancements in AI models and infrastructure. Conversely, any significant disruption could create opportunities for competing chipmakers and AI labs. Nvidia’s commitment to investing in OpenAI’s IPO suggests a long-term strategic vision for the AI market. The ongoing competition among chip manufacturers will likely drive innovation and lower costs for AI development, ultimately benefiting consumers and businesses.

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