Nvidia CEO Jensen Huang publicly rejected recent reports suggesting his company’s planned up-to-$100 billion commitment to OpenAI had hit a roadblock. Speaking in Taipei, Huang called characterization of any friction between Nvidia and OpenAI “nonsense,” and reaffirmed that Nvidia will “definitely participate” in OpenAI’s next funding round. He emphasized the nonbinding nature of the original letter of intent—announced in September—which linked progressive equity investments to the build-out of 10 gigawatts of AI computing infrastructure.

The September agreement outlined Nvidia’s intention to invest up to $100 billion and supply 10 GW of advanced GPU systems to OpenAI as capacity came online. While the Wall Street Journal reported internal doubts about deal size, both companies have clarified the framework remains under active negotiation. OpenAI confirmed that Nvidia “powers our systems today, and will remain central as we scale what comes next,” and Nvidia has indicated it will deploy a substantial though unspecified sum in the coming equity round alongside other investors such as Microsoft, Amazon and SoftBank.

For shareholders, Huang’s remarks underscore Nvidia’s unwavering commitment to AI partnerships despite market speculation. The reaffirmed collaboration with OpenAI supports ongoing demand for Nvidia’s data-center GPUs and aligns with projections for global AI infrastructure spending to exceed $500 billion by 2026. As deployments ramp up and new models drive fresh compute requirements, Nvidia’s role as primary hardware supplier positions it to sustain high revenue growth, with analysts forecasting double-digit annual gains tied to continued expansion of AI workloads.