Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon, today's Tuesday, September 23rd, and I'm your host, Kim Kahn. Our top story so far,

Wedbush says the next stage of the AI revolution has begun following Nvidia and OpenAI's massive deal.

Invidia plans to invest up to $100 billion into Open AI

to build and deploy at least 10 gigawatts of data center capacity.

Invidia will also provide 4 to 5 million GPUs.

Wedbush noted that this figure totals the entirety of the number of

GPUs Nvidia will ship in 2025 and double what it shipped in 2024.

Analyst, N.I. said, this announcement cements further ties between NVIDIA and open AI

to lead the AI revolution taking place front and center, while providing open AI with ample

sources of capital at cheaper costs by reducing the credit risk of lending with Open AI.

The ongoing data center buildout is positive for cloud giants such as Microsoft, Google, and Amazon,

he added.

Wedbush also highlighted large-scale AI investments recently announced across the globe, such as in the

UAE, Saudi Arabia, and the UK.

While the Bears will fret about valuations and have been skeptical of the historical tech rally,

we stress that if you focus slowly on valuation,

looking out a year with PE,

you would have missed every transformational growth tech stock

the last 20 years, I've said.

Among active stocks,

Alibaba unveiled its open-source large-language model

...