Semiconductor shares from Asia to Europe rose sharply on Tuesday after Nvidia unveiled a $100 billion partnership with OpenAI to build massive Artificial Intelligence (AI) systems requiring millions of processors.
Nvidia said the investment will supply OpenAI with computing systems demanding 10 gigawatts of power — the equivalent of between 4 million and 5 million of its high-performance graphics processing units (GPUs). Chief executive Jensen Huang called it one of the largest infrastructure buildouts in AI history.
The announcement drove a surge in semiconductor shares worldwide. In Taiwan, contract manufacturer TSMC, which produces chips for Nvidia, gained 3.5%. In South Korea, SK Hynix, a key supplier of memory chips for Nvidia’s systems, rose 2.5%, while Samsung Electronics advanced 1.4% amid speculation it may soon secure supply approval for Nvidia’s high-bandwidth memory.
Tokyo Electron in Japan also closed higher, reflecting demand for chipmaking equipment.
In Europe, STMicro, Infineon and BE Semiconductor rose in early trade, though the gains were tempered after ASM International warned of weaker fourth-quarter revenue, dragging its shares and those of peer ASML lower.
The agreement adds to Nvidia’s dominance in AI computing, as demand for generative AI continues to push chipmakers and equipment suppliers into record territory.
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Broad market stocks experienced slight declines during the day, according to Alexander Morris, CEO and Chief Investment Officer of F/M Investments.
The relationship between OpenAI and NVIDIA represents one of the most consequential partnerships in the artificial intelligence (AI) industry, a symbiotic alliance that has evolved from humble beginnings to a £73 billion strategic collaboration that could reshape the future of computing.
Alibaba (9988.HK) announced on Wednesday a wide-ranging push into artificial intelligence (AI), unveiling a partnership with Nvidia, a global data centre expansion plan, and new AI products, as it seeks to make artificial intelligence a core business priority alongside its e-commerce operations.
Chipmaker Nvidia will invest up to $100 billion in ChatGPT owner OpenAI and provide it with data centre chips, the companies announced Monday, forming a major partnership in the global artificial intelligence race.
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