Nvidia Rises Premarket As Investors Watch OpenAI’s Growth

Benzinga

Nvidia rose in premarket trading as investors bet on OpenAI’s growth and new features like Pulse. Analysts see OpenAI’s Stargate project driving multi-trillion potential, with ad revenue compared to Google’s search business.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02NVIDIA gained in pre-market trading on Monday as optimism about AI continued to hinge on OpenAI's growth trajectory,

00:08that according to Barron's.

00:09Shares rose 0.7% to $179.50 after climbing 0.3% Friday.

00:15IMD and Broadcom also advanced.

00:17Analysts say NVIDIA's future is tied to OpenAI's Stargate project,

00:20with CEO Jensen Huang recently predicting OpenAI could become a multi-trillion dollar company.

00:26Mellius Research noted the potential for OpenAI's platform to generate more than $40 billion in annual ad revenue,

00:31appearing into Google's search dominance.

00:33OpenAI last week launched its Pulse feature,

00:36aimed at delivering personalized updates and opening potential new revenue streams.

00:39For all things money, visit Benzinga.com.

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