NVIDIA Nears $20B OpenAI Investment as Shares Jump 3.44% and Q4 EPS Seen Up 70.8%
NVIDIA shares climbed 3.44% on Feb. 9, contributing to the Dow’s intraday rally above 50,000 and lifting the Nasdaq. Reports indicate NVIDIA is nearing a $20 billion investment into OpenAI and is set to report Q4 results in two weeks forecasting 70.8% EPS growth on 66.7% higher revenues.
1. Intraday Performance Spurs Index Rally
NVIDIA shares jumped 3.44% on Feb. 9, helping push the Dow to an intraday high above 50,000 and lifting the Nasdaq. Investor enthusiasm for AI and chipmakers drove the midday tech rebound.
2. Major OpenAI Funding Talks
The company is reportedly nearing a $20 billion investment into OpenAI’s latest funding round, reinforcing its role as a primary AI infrastructure provider and deepening its strategic partnership in AI model development.
3. Q4 Earnings Outlook
NVIDIA will report Q4 results in two weeks, with consensus estimates forecasting 70.8% year-over-year earnings growth and a 66.7% revenue increase, underpinned by strong demand for data-center and AI products.