Key Takeaways
Chip Stocks Surge on AI Dealmaking: Nvidia’s announced plan to invest up to $100 billion in OpenAI in return for a significant stake (as part of an alliance to step up the rampant data center buildout) has only added to this tremendous push into the chip sector space. The news boosted Nvidia’s share price by +3.9% to an astounding $4.5 trillion market cap. This comes on the heels of the $300 billion deal between Oracle and OpenAI that pushed Oracle’s stock up by one-third. Oracle is now on the verge of making it to the list of ten mega-caps with a $1 trillion market value.
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