Blackwell's demand for "crazy" investment in OpenAI may lead to further cooperation, and Nvidia's stock price soars.

On Wednesday, October 2nd, Huang Renxun stated in an interview with CNBC that the upcoming Blackwell AI "super chip" demand is "crazy," with "everyone wanting the most, and everyone wanting to be the first." According to official website information, products based on Blackwell are set to be shipped later this year to the cloud service departments of Oracle, Amazon, Microsoft, and Google.

Nvidia's Blackwell chip will further solidify its leadership position in the artificial intelligence market, while continuing to provide products and services to tech giants such as Microsoft, Meta, Alphabet, and Amazon.

On Wednesday, OpenAI announced that it had raised $6.6 billion in new funding, bringing its total valuation to $157 billion. The Wall Street Journal reported that Nvidia invested $100 million in this round of fundraising. Although the $100 million investment is relatively small compared to Nvidia's staggering market value of $2.9 trillion, the market views this cooperation as a symbolic step, further consolidating Nvidia's position in the field of artificial intelligence. After all, the launch of ChatGPT at the end of 2022 sparked an AI investment boom, helping Nvidia to join the ranks of the "seven tech giants."

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At the same time, this investment may also give Nvidia a deeper insight into OpenAI's chip procurement plans. Nvidia's GPU is the best way to drive large language models like ChatGPT, but some competitors are working hard to close this gap.

Yesterday, Nvidia's stock price once reached $124.26, closing up 3.32% at $122.8. According to Forbes valuation, Huang Renxun's net worth increased by $3 billion yesterday to $107 billion, making him the 12th richest person in the world.

Some competitors' stock prices also rose yesterday. AMD rose by 1.9%, Broadcom by 0.7%, and Qualcomm by 0.4%.

However, the rise in Nvidia and the semiconductor chip sector yesterday failed to lift the technology stock-dominated Nasdaq index. The Nasdaq index closed down by 0.17%, and the S&P 500 index fell by 0.2%.

Nevertheless, many large investors are not overly bullish on Nvidia. Most active fund managers tracked by Bank of America hold positions in Nvidia, but their relative weight in the funds is not aggressive.

Bank of America analysts pointed out that Nvidia's relative weight is 0.99 times, far below the top 16 highest holdings in the information technology and communication services industry. Financial blog Zerohedge also questioned in an article whether Nvidia's stock price can break the 2023 record in the second half of 2024.