Nvidia has agreed to invest up to $100 billion in OpenAI, which is planning an initial public offering as soon as this year.

With shares up 1,290% over the last five years, Nvidia is the undisputed winner in the generative artificial intelligence (AI) megatrend. The chipmaker has been the go-to supplier for cutting-edge compute hardware, earning it billions of dollars in revenue and profit growth.

Nvidia purchased CoreWeave Class A common stock at $87.20 per share.

Microsoft says its own chip leapfrogs those made by other cloud providers like Amazon and Google. But it needs more.

With artificial intelligence (AI) infrastructure spending forecast to keep soaring, Nvidia remains well-positioned to benefit. The stock has the potential to climb to over $800 a share by the end of 2030.

The two tech giants remain the most balanced plays in the booming AI market.

The chip giant deepens its partnership with CoreWeave to accelerate the buildout of massive AI data centers as artificial intelligence reshapes global power needs.

Even as Nvidia CEO Jensen Huang is making moves to unblock his company's H200 chips in China, a group of US lawmakers has warned that the company's advanced tech is allegedly being used to boost Chinese military capabilities.