Nvidia’s (NASDAQ: NVDA) stock is back in the spotlight after the chipmaker announced a landmark $100 billion partnership with OpenAI to deploy 10 gigawatts of advanced AI data centers.

Described by CEO Jensen Huang as “the biggest AI infrastructure project in history,” the rollout will expand progressively as each gigawatt comes online, securing long-term demand for Nvidia’s GPUs, networking systems, and software stack.

For OpenAI, the deal ensures access to unmatched compute power, while for Nvidia, it cements its position as the backbone of generative AI’s next phase.

Nvidia shares opened on Tuesday above $180 but have since pulled back. At press time, NVDA stock was trading at $179, down more than 2% on the day.

Wall Street’s take on Nvidia stock 

Wall Street analysts were quick to weigh in on the OpenAI partnership.

Benchmark reiterated its ‘Buy’ rating with a $220 price target, citing Nvidia’s central role in scaling AI infrastructure. The firm pointed to the strategic significance of deploying millions of GPUs with InfiniBand and Spectrum-X Ethernet, with the first phase expected in the second half of 2026.

Evercore ISI, on the other hand, struck a more bullish tone, lifting its target to $225 from $214 and maintaining an ‘Outperform’ rating. Following a call with Nvidia’s CFO, analysts estimated the 10GW build could add about $5.5 billion in revenue in 2H26, with a total addressable market of $30–40 billion per gigawatt or more. Evercore framed Nvidia as the “AI ecosystem play of choice,” arguing consensus estimates remain too conservative.

Barclays also weighed in, with analyst Tom O’Malley maintaining an ‘Overweight’ rating and a $200 price target. He projected the OpenAI deal could generate over $350 billion in revenue through the decade, far surpassing expectations tied to custom AI chips. O’Malley stressed that general-purpose GPUs will continue to be the backbone of OpenAI’s operations, securing the semiconductor giant’s long-term advantage.

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