Nvidia President and CEO Jensen Huang speaks to the media as he arrives for a meeting with the Senate Banking Committee on Capitol Hill on December 3, 2025 in Washington, DC.
Nvidia's stock fell in premarket trading Monday after reports emerged that the chipmaker's plans to invest $100 billion into OpenAI were stalled.
The semiconductor giant's shares were down 1.5% as of 8:47 a.m. ET. Company insiders said there was uncertainty about a deal between Nvidia and OpenAI, according to a Wall Street Journal report on Friday, citing people familiar with the matter.
Nvidia announced an agreement with OpenAI in September to build at least 10 gigawatts of computing power for OpenAI, as well as an investment of up to $100 billion.
However, Huang had said to industry associates late last year that the $100 billion investment was non-binding and not finalized. The longtime CEO also criticized a lack of discipline in OpenAI's business strategy and shared concerns about competition from firms like Alphabet's Google and Anthropic, according to WSJ's report.