Nvidia and OpenAI Announce Partnership, NVDA Shares Surge
Yesterday, it was announced that leading chipmaker Nvidia and prominent artificial intelligence research laboratory OpenAI have entered into a strategic partnership, under which Nvidia will invest $100 billion in OpenAI.
As part of this initiative, a network of data centres will be established to train and operate the most advanced AI models:
→ the network will utilise Nvidia’s next-generation Vera Rubin platform;
→ the total capacity of the network is unprecedented, reaching 10 gigawatts;
→ the first phase of the project is expected to launch in the second half of 2026.
Nvidia (NVDA) shares reacted strongly to the announcement. During trading on Monday, 22 September, the company’s stock price jumped approximately 4%, climbing past $184.30 at yesterday’s high, marking a new all-time record as shown on the chart. The chipmaker’s market capitalisation approached $4.5 trillion, reinforcing its position as the most valuable company in the world.
Technical Analysis of Nvidia (NVDA) Chart
In our previous analysis on 1 September, we:
→ plotted an ascending channel capturing NVDA’s price movements following the bullish impulse at the end of June;
→ noted several unsuccessful attempts by bulls to break the $183 resistance level, which suggested a potential Triple Top pattern (1-2-3);
→ assumed that bears were exerting pressure on the overvalued stock and considered a possible correction scenario.
Since that analysis, the stock price corrected to $165 before resuming its upward trend (indicated with a broken arrow).
The new data allow us to:
→ expand the channel (shown in blue) while maintaining its slope, adding QH and QL lines to divide the channel into quarters;
→ plot the trajectory of the previous correction (shown in red).
Within this context, it is reasonable to observe that:
→ NVDA found support at the QL line and moved toward the midline;
→ the red lines form a Bullish Flag pattern;
→ yesterday’s rise broke out of this corrective pattern, with bulls attempting to resume the upward trend, although the $183 level continues to act as resistance.
Given the strong fundamentals, the rapid development of AI technologies, and the supportive effect of the Fed’s rate cut, it is possible that the bulls could break through the $183 level, potentially driving NVDA’s share price toward the psychological $200 mark.
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