Stock: Huang Weiwen: NVIDIA Aims to Participate in OpenAI's IPO - NVDA

[Para 1: The Lead] NVIDIA CEO Huang Weiwen clarifies recent speculations about the company's relationship with OpenAI, stating that their partnership and investment plans are proceeding as scheduled. Huang confirms NVIDIA intends to participate in OpenAI's upcoming Initial Public Offering (IPO), emphasizing the company's commitment to the collaboration. [Para 2-3: Supporting details & Context] In an interview with CNBC's Jim Cramer, Huang asserts there is no dramatic conflict or change in the partnership with OpenAI, dismissing rumors as baseless. Last September, Huang and OpenAI CEO Sam Altman announced an investment intent for up to $10 billion from NVIDIA to support OpenAI's AI infrastructure, powered by NVIDIA technology. However, NVIDIA's subsequent SEC filing in November indicated the investment was not yet finalized, sparking market doubts. Following reports last weekend that the investment plan was temporarily on hold, NVIDIA's stock (NVDA-US) fell 2.89% on Monday and another 3% on Tuesday to $180.34, down over 13% from its October peak. Huang is now clear that NVIDIA will participate in OpenAI's next funding round and even potentially its IPO, highlighting the historic scale of the private placement. OpenAI, reliant on NVIDIA's GPUs for AI model training and deployment, is facing challenges due to chip supply constraints, leading to rumors of negotiations with NVIDIA's competitors.