Since Nvidia agreed last month to invest $100 billion in its customer OpenAI, investors and analysts who follow artificial intelligence have awakened to that industry’s circularity.

Microsoft has deployed a cluster of more than 4,6000 Nvidia GB300 NVL72 systems. In a blog post, Microsoft revealed its new cluster featuring Nvidia Blackwell Ultra GPUs and the next-generation Nvidia InfiniBand network which is set to support OpenAI workloads.

Analysts are getting even more bullish on market leaders, with more upgrades for NVIDIA and AMD. Firms like Morgan Stanley, TD Cowen, and Citi just raised their price targets, thanks again to progress with artificial intelligence.

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

Chipmaker Nvidia will invest $100 billion in OpenAI as part of a partnership announced Monday that will add at least 10 gigawatts of Nvidia AI data centers to ramp up the computing power for the owner of the artificial intelligence chatbot ChatGPT.

CEO, Jensen Huang, shrugged off concerns regarding competition from Advanced Micro Devices Inc. (NASDAQ:AMD), following the latter’s recent partnership with ChatGPT-parent OpenAI. NVDA is performing well relative to peers.

By structuring capital commitments as revenues, recycling supplier investments as demand, and marketing financial loops as technological inevitabilities, companies have financialised the future of AI.

Microsoft CEO Satya Nadella offered a glimpse of the "first of many" massive Nvidia AI systems it is rolling out, starting now.