Nvidia Shares Dip Amid Uncertainty Over $100B OpenAI Investment

Nvidia (NVDA-US) shares fell 0.97% to $189.24 in early trading on February 2, 2026, after reports emerged that its planned $100 billion investment in OpenAI faces delays and internal skepticism, fueling market uncertainty over the deal’s scope and execution. The Wall Street Journal reported on January 30, 2026, citing sources, that Nvidia executives remain divided on whether the investment will proceed as initially outlined. Nvidia CEO Jensen Huang had previously described the commitment as non-binding and expressed concerns about OpenAI’s strategic discipline and competition from Google and Anthropic. Though Huang later denied discord with OpenAI, calling such claims “baseless,” he reaffirmed the investment would not exceed $100 billion and called it potentially Nvidia’s largest ever. Analysts note Huang’s ambiguous messaging has unsettled investors. Cleo Capital’s Sarah Kunst highlighted the unusual lack of firm commitment, while Wedbush’s Dan Ives suggested the caution reflects broader scrutiny of AI’s “circular financing” risks—where large firms cross-invest, obscuring true profitability.