By Kif Leswing
Publication Date: 2026-02-03 19:28:00
President and CEO of NVIDIA, Jensen Huang, attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 21, 2026.
Denis Balibouse | Reuters
Nvidia CEO Jensen Huang said the chipmaker’s plan to invest in OpenAI remains “on track” after recent reports suggested brewing tension between the two sides.
“There’s no drama involved. Everything’s on track,” Huang told CNBC’s Jim Cramer on Tuesday. The full interview will air later in the day on “Mad Money.”
In September, Huang appeared with OpenAI CEO Sam Altman to announce a letter of intent that would involve his company investing up to $100 billion in the artificial intelligence lab in tranches. OpenAI would build AI infrastructure based around Nvidia’s technology requiring up to 10 gigawatts of power.
But an SEC filing in November said the deal had not been finalized, and concern has mounted in the months sense that the announcement was little more than a press release. Over the past weekend, the Wall Street Journal reported that the deal was “on ice.”
Nvidia shares fell more than 3.4% today, leading a broad decline in tech stocks, and are 13% off their high reached in October.
Huang said on Tuesday that Nvidia would invest in OpenAI’s next fundraising round, which he called the “largest private round ever raised in history.” OpenAI is engaging in fundraising discussions for a round that could raise as much as $100 billion, CNBC reported last month.
“We will invest in the next round,” Huang said….
