The deal is a huge shot in the arm for AMD, which has been playing second fiddle to Nvidia in the GPU game for the last several years. While Nvidia's stock is up over 1,300% in the last three years as it became the largest publicly traded company in the world, AMD is up a comparatively soft 200% in the same period.

Two weeks ago, Nvidia Corp. agreed to invest as much as $100 billion in OpenAI to help the leading AI startup fund a data-center buildout so massive it could power a major city. OpenAI in turn committed to filling those sites with millions of Nvidia chips.

According to CNBC’s Jim Cramer, Jensen Huang, the CEO of Nvidia, said the company has entered its first ever direct partnership with OpenAI, changing how the ChatGPT maker will get its hardware. Jensen explained the deal on Tuesday during the CNBC Investing Club’s Monthly Meeting at the New York Stock Exchange,

One example of AI factories coming to pass is the British government's goal to expand the country's AI computing infrastructure by 20 times over the next five years. To that end, the U.K. partnered with OpenAI, and in turn, OpenAI enlisted Nvidia to provide as much as 31,000 AI chips.

The tech giants intend to bring at least 10 gigawatts of AI capacity online, starting in H2 2026 with Vera Rubin chips.

OpenAI will use Nvidia's $100 billion gradual investment to fund the development of 10 gigawatts' worth of AI data centers.

Three years after OpenAI and Nvidia Corp. helped kick off the global artificial intelligence frenzy, the two firms are joining forces to pave the way for a more costly phase of development with a

OpenAI, reportedly the biggest private company on the planet, with a half-trillion-dollar valuation, is also deeply financially connected to Microsoft and Google (the second- and fourth-most valuable publicly traded companies, respectively).