Nvidia (NVDA) stock took a hit on Monday, dropping over 3% as reports surfaced that its planned $100 billion investment in OpenAI had stalled. The semiconductor giant's shares continued to slide through the week, falling 9% in the past five days and 15% from all-time highs as investors digested what appeared to be cracks in one of AI's most important partnerships.
The drama started when The Wall Street Journal reported that Nvidia CEO Jensen Huang had privately told business associates the investment wasn't binding. Sources reported that Huang criticized OpenAI's business strategy and expressed concern about competition from Google (GOOG) (GOOGL) and Anthropic.
