After the NVIDIA/OpenAI Deal: Will Alphabet, Amazon, and Microsoft Increase Their AI Spending? Vertiv Becomes a Beneficiary!

The next big news came on Monday as NVIDIA invests in OpenAI, and both companies are crafting a $100 billion deal. In the first step, NVIDIA will acquire non-voting shares of OpenAI, and in the second step, OpenAI can use the cash to purchase NVIDIA chips. "Everything starts with computing power," stated Sam Altman, CEO of OpenAI, in a statement according to Bloomberg. Furthermore, he added: "The computing infrastructure will form the basis for the economy of the future, and we will leverage what we build together with Nvidia to achieve new breakthroughs...