Nvidia CEO Jensen Huang told reporters in Taipei on February 1 that the company’s previously announced plan to invest up to $100 billion in OpenAI was never a binding commitment. He confirmed that Nvidia will ‘invest one step at a time,’ describing any suggestion that he was unhappy with the partnership as ‘nonsense.’ The original letter of intent, signed in September 2025, underscored Nvidia’s intention to help build OpenAI’s data centers and infrastructure using Nvidia chips, but internal reviews prompted management to emphasize discipline and a phased funding approach.

In January 2026, Nvidia injected an additional $2 billion into CoreWeave, raising its equity stake to 11.5%. CoreWeave holds a contracted backlog of $55.6 billion for AI data center capacity and plans to scale to 5 gigawatts of power by 2030. While the partnership promises to convert CoreWeave’s backlog into revenue, analysts warn that its high leverage and $841.4 million in interest expenses year-to-date present execution risks that could pressure margins during rapid expansion.

Q3 Asset Management boosted its position in Nvidia shares by 1,504.9% during the third quarter, acquiring 19,232 additional shares to hold a total of 20,510 shares valued at $3.83 million. That move follows Harbor Asset Planning, Winnow Wealth and other funds establishing new stakes, bringing institutional ownership to 65.27%. On the sell side, insiders have sold 1.61 million shares worth $293 million over the last quarter, leaving insider ownership at 4.17%.

In its November 19 earnings release, Nvidia reported revenue of $57.01 billion, up 62.5% year-over-year, and non-GAAP EPS of $1.30, beating consensus estimates by $0.07. The company delivered a net margin of 53.0% and return on equity of 99.2%. Wall Street currently assigns Nvidia a consensus ‘Buy’ rating, with four Strong Buy, forty-seven Buy and two Hold recommendations, and an average price target of $263.98, reflecting expectations of continued AI-driven growth into 2026.