February 2, 2026
The $100B cliffhanger
Nvidia shares are down after report that its OpenAI investment stalled
Jensen teases 'huge' cash for OpenAI; commenters yell bubble while others shrug
TLDR: Nvidia dipped after reports its up-to-$100B OpenAI deal is uncertain, even as the CEO says it’ll be big but not final. Commenters are split between bubble alarms and eye-rolls, arguing whether big AI firms bankrolling each other masks risk and whether this hurts OpenAI more than Nvidia.
Nvidia’s stock slipped about 1% after reports that its eye-popping plan to put up to $100 billion into OpenAI was on pause. Cue the internet drama: some see a wobble, others see a total bubble. CEO Jensen Huang jumped in to say he’s not mad at OpenAI and still plans a huge investment—just not over $100 billion—and analysts called it classic deal-making and worries over “circular financing” (big AI firms funding each other) rather than a breakup.
Commenters went full popcorn mode. The doom crew claims the AI cash frenzy looks “Enron reloaded” and warns it could be worse than the dot-com bust. Another camp says this is actually worse for OpenAI than Nvidia; as one user put it, Nvidia’s “circular financing” is basically a tiny discount on chips, while Nvidia’s margins stay fat. Meanwhile, the market-snark crowd is yawning: the stock is “down to where it was a few days ago, lol,” treating the drop like a speed bump, not a cliff.
There’s even gallows humor: people joking about when memory prices go back to normal “after the collapse of OpenAI.” Under the memes is a real split—Is this smart negotiating or a sign the AI money machine is overheating? Either way, trust and timing just became the plot twist everyone’s watching.
Key Points
- •Nvidia shares fell about 1.1% after reports that its planned up-to-$100 billion investment in OpenAI has stalled.
- •Nvidia previously announced an agreement to build at least 10 gigawatts of computing power for OpenAI and invest up to $100 billion.
- •Per the Wall Street Journal, Jensen Huang told associates the $100 billion figure was nonbinding and criticized OpenAI’s strategy and competitive landscape.
- •Huang later denied being unhappy with OpenAI, reiterated the investment would not exceed $100 billion, and said Nvidia will participate in OpenAI’s ongoing funding round.
- •Analysts cited uncertainty over the exact investment amount and concerns about “circular financing” as factors behind the stock move.