Stocks hit record highs as Nvidia to invest $100B in OpenAI | LiveNOW from FOX
Matt Orton, Chief Market Strategist with Raymond James Investment Management, joins LiveNOW's Mike Pache to discuss the market's reaction to Nvidia pledging to invest $100 billion in OpenAI."We're proud to announce a landmark partnership with @OpenAI to build new gigascale AI factories using millions of NVIDIA GPUs," the chipmaker said in a social media post Monday.
"This partnership will supply 10 gigawatts of GPUs to fuel
@OpenAI's data center growth."
Meantime on Wall Street, the Dow Jones, S&P 500 and Nasdaq all posted their third straight day of fresh records.
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