Nvidia Stock Climbs as Chipmaker Unveils Plans to Invest Up to $100B in OpenAI

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Key Takeaways Nvidia shares climbed Monday after the chipmaker said it plans to invest up to $100 billion in ChatGPT maker OpenAI to build out AI data centers. Shares of several Nvidia partners and companies that make equipment to manufacture chips also rose. Nvidia and OpenAI said they expect to finalize the details of the partnership in the coming weeks. The chipmaker at the heart of the AI boom and world's most valuable company said Monday it plans to invest up to $100 billion in ChatGPT maker OpenAI to build out AI data centers. With Monday's gains, Nvidia shares have added more than a third of their value since the start of the year.