Brian Stewart, seeking Alpha's director of news, a lot going on in tech.

No surprise, I suppose.

Invidia doing deals all over the place.

Is that top of the list this week?

Yeah, I think we have to think of AI and the companies that are sort of major names there

as sort of a pocket market within the larger market and talk about it separately because

the dynamics within that market, I think, are a little separate than the broader market that includes most of the companies that we're talking about.

And so I think it's been an interesting week in the AI market.

I mean, we've been talking about for a while now how the AI boom is no longer kind of a burgeoning topic.

It's now a mature theme that's driving the overall stock market.

And the way that companies are responding to that is pretty interesting.

So the specific news that you're alluding to,

Nvidia signed a deal with Open AI.

They're going to invest up to $100 billion in Open AI over a

period of time. The first part of that is going to be $10 billion, which values Open AI at

$500 billion. As part of it, basically this money is going to be used to build out Open AI's

infrastructure. And part of the deal is that money is going to go back to Nvidia in the form of purchases

of their chips.

So basically getting an investment in Open AI and Open AI is going to use that money to buy

Nvidia chips partly to help build out their processing centers.

I think it's interesting to note, in its last earnings report,

Nvidia had $57 billion of cash on hand.

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