What did Jensen Huang say about the Nvidia OpenAI deal?

Huang said there is no drama and the Nvidia OpenAI deal remains on track. He added Nvidia plans to participate in OpenAI’s next funding round. That message counters reports of friction and supports confidence ahead of the February 25 earnings call, when investors expect more color on size and terms.

How could a big OpenAI fundraising affect NVDA shares?

A larger check could deepen strategic ties, support long-term GPU demand, and improve sentiment for AI chip leaders. It may also imply priority access to future models or workloads. A smaller amount still validates the relationship but could limit short-term multiple expansion until earnings confirm demand and supply.

What should Swiss investors watch near term?

Track three items: details on the funding round, Nvidia’s February 25 earnings and data center outlook, and USD-CHF moves that affect franc-based returns. Access via SIX-listed ETFs with Nvidia exposure is common. Technicals matter too, with $183.72 as resistance and $172.04 as support in the current range.

Is NVDA overvalued with a PE near 45?

PE near 45 looks rich versus history, but growth has been exceptional. Net margins top 53%, and analysts remain positive with 65 Buys out of 67 ratings. Valuation depends on sustained data center demand, supply expansion, and clarity on the Nvidia OpenAI deal. Earnings on February 25 should help.

Global Market Insights

NVDA Stock Today, February 04: Huang Says OpenAI Deal Still on Track

ByDanny Kontos February 4, 2026February 4, 2026

The Nvidia OpenAI deal is back in focus after Jensen Huang said it remains on track and that Nvidia will join OpenAI’s next funding round. NVDA shares fell 2.84% to $180.34 today, trading between $176.23 and $186.27, with volume above average. The stock sits below its 50-day average of $183.90 and 9% under the 52-week high of $212.19. With earnings due on 25 Feb at 21:00 UTC, clarity on the check size and terms could sway AI sentiment. Swiss investors should also consider FX and access via SIX-listed ETFs.