Nvidia made waves earlier this year when it announced a $100 billion investment in OpenAI, which will use 10 gigawatts worth of the company's systems. But its quarterly filing underscores that announcing something doesn't guarantee it will actually happen.

Nvidia’s newly announced strategic partnership with OpenAI has not been finalized. “There is no assurance that we will enter into definitive agreements with respect to the OpenAI opportunity or other potential investments,

Guidance exceeded expectations again, with fourth-quarter (Q4) revenue forecast at US$65 billion versus Wall Street’s US$61.5 billion. Chief executive officer (CEO) Jensen Huang said AI chip demand remains ‘off the charts’, with backlogs largely untouched despite rising competition.

Japanese technology giant SoftBank says it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments.

SoftBank unloaded $5.8 billion in Nvidia shares as part of a broader $40 billion bet on OpenAI, fueling fears of an AI bubble.

Microsoft and Nvidia are planning to invest up to $15 billion in total in Anthropic, in the latest AI-driven tie-up that also includes a $30 billion commitment by the Claude maker to use Microsoft's cloud services.