BlackRock says Nvidia’s massive deal with OpenAI reflects a new era where artificial intelligence infrastructure spending is no longer optional. In a new Bloomberg interview, Jay Jacobs, US head of Thematics and Active Equity ETFs at BlackRock, says Nvidia’s up to $100 billion investment in OpenAI is a move to position the chipmaker as a dominant player in a multi-year AI market cycle. “I think it’s beyond comfort. This is a necessity for some of the leading technology companies. They have a tremendous moat because they have low cost of capital. They have tremendous access to dollars, and they’re able…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
Wells Fargo’s top equity strategist says artificial intelligence is powering a new bull market that still has room to run to the upside. In a new CNBC interview, Wells Fargo chief equity strategist Ohsung Kwon says the current surge in stocks is not a speculative frenzy, but the product of structural forces reshaping spending across the economy. He says today’s tech equipment spending does not justify bubble calls when compared with past cycles in technology. “I think this is an AI-led bull market, and I think this is likely to continue. First of all, it’s not a bubble. The entire…
Venture capitalist Lo Toney says OpenAI and Nvidia (NVDA) are following a path similar to Amazon’s early spending spree, a strategy that transformed the e-commerce pioneer into a $2.35 trillion company. In a CNBC interview, the Plexo Capital founder points to Amazon’s (AMZN) aggressive investment in infrastructure as a blueprint for how technology bets can look risky before becoming indispensable. He recalls how the company spent heavily on warehouses and logistics. “Amazon did spend hand over fist, and many did not understand why they were doing that, couldn’t believe they were doing that. But ultimately, that bet paid off initially…
Billionaire investor Mike Novogratz says the stock market is entering a dangerous phase as artificial intelligence lifts valuations, even as risks build. In a new Bloomberg interview, the billionaire warns that the stock market may be on the last legs of its bull cycle amid investor overexuberance. “We are in a euphoric moment in stocks, and there is a lot of excitement all around this AI theme. AI is powerful. It is going to change the way we do things. I was literally just in a meeting with my management team, talking about AI and Galaxy. And every single C-suite…
A high-stakes race for artificial intelligence infrastructure is intensifying, with Nvidia pouring billions into OpenAI and Elon Musk pledging to scale compute to levels never before seen. The chipmaker’s up to $100 billion commitment to OpenAI has reshaped expectations across Silicon Valley and Wall Street, accelerating pressure on rivals to match spending or risk falling behind. The deal involves roughly 10 gigawatts of new capacity of Nvidia systems for OpenAI that could power the needs of over eight million US households. In response, xAi founder Elon Musk says on X that his company will be the first to deliver unprecedented…
Fundstrat Global Advisors says the S&P 500 rally is being driven by a narrow force that could soon broaden as interest rates fall. In a Fox Business appearance, Mark Newton, managing director and head of technical strategy at Fundstrat, says the market has split in two since July, with one sector doing most of the heavy lifting. He also says that two AI stocks are currently driving the S&P 500 higher. “There is a really interesting phenomenon right now. We have this huge bifurcation because technology has done so well in the last month. The broader market has actually gone…
A billion-dollar asset manager says the AI trade remains the defining market narrative, warning investors against looking away as money continues to flow into the story. In a new CNBC interview, Dan Greenhaus, chief strategist at Solus Alternative Asset Management, says the story extends across sectors, from semiconductor giants to companies still emerging as beneficiaries of the trend. “This story is so dominant. And every time we come on the show and we talk about should investors move away from the AI story, the argument I always come back to is just there’s a consistent spade of headlines that reinforce…
Banking titan Citi is rolling out a major test of so-called “agentic” artificial intelligence, betting the technology could eventually streamline work once thought to require human supervision. The bank will run a pilot involving 5,000 employees over the next month, using its in-house AI platform to see how far agent models can perform certain tasks, reports The Wall Street Journal. David Griffiths, Citi’s chief technology officer, says early agent models often struggled to work reliably, but improvements now make a broader test possible. “A couple of years ago, you could do agentic things with the early versions of the models…
Nvidia is building deep ties with OpenAI, preparing to fund a sweeping buildout of computing infrastructure to support the world’s most popular AI platform. The agreement calls for an investment of up to $100 billion and roughly 10 gigawatts of new capacity, a figure that Nvidia (NVDA) CEO Jensen Huang says underscores the unprecedented demand for computing. Huang describes the deal as both industrial and cultural in scale. “ChatGPT is the single most revolutionary AI project in history. It’s being used everywhere, every industry, every country. Every person practically that I know uses ChatGPT. The computing demand is going through…
ARK Invest’s Cathie Wood says the AI race and crypto are moving in tandem to reshape the global economy, with both sectors showing signs of disruptive power. In a new Bloomberg interview, Wood names the four firms leading the AI push. According to the investor, these big tech firms will continue to pour money into the AI race as long as other companies pay for their services. “Well, I think the big four right now are OpenAI, Anthropic, xAI, and Gemini. Those four. And we don’t know if this is going to be a four-horse race or a two-horse race.…