CEO Jensen Huang Denies Stalled $100 Billion OpenAI Investment, Plans Incremental Funding

Nvidia CEO Jensen Huang dismissed reports that the planned $100 billion investment in OpenAI had stalled, though he clarified that the funding would proceed through smaller, incremental steps.

• Huang labeled the initial reports suggesting the deal had stalled as "nonsense."
• Shares of Nvidia closed down 2.89% following the update, as the cautious approach to binding commitments weighed on investor sentiment.