Nvidia Is Significantly Dependent On OpenAI -- Market Talk

Dow Jones

2025/07/22

1531 ET - The world's most valuable company is largely dependent on just one customer. A significant portion of Nvidia's chip sales come from developers of AI models and above all, OpenAI, says UBS analyst Kirk Keirstead in a media roundtable. That creates risk for the whole AI industry that investors should be aware of even given the huge upside. "It creates a little bit of risk that the AI trade and Nvidia's market cap and Oracle and Microsoft are dependent on the actions of a single tech company," Keirstead says. "That feels like a bet that a lot of investors are willing to make given the tremendous apparent success of OpenAI to date." (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

July 21, 2025 15:31 ET (19:31 GMT)

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A significant portion of <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>'s chip sales come from developers of AI models and above all, OpenAI, says UBS analyst Kirk Keirstead in a media roundtable. That creates risk for the whole AI industry that investors should be aware of even given the huge upside. \"It creates a little bit of risk that the AI trade and Nvidia's market cap and <a href=\"https://laohu8.com/S/ORCL\">Oracle</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> are dependent on the actions of a single tech company,\" Keirstead says. \"That feels like a bet that a lot of investors are willing to make given the tremendous apparent success of OpenAI to date.\" (nicholas.miller@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 21, 2025 15:31 ET (19:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Is Significantly Dependent On OpenAI -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Is Significantly Dependent On OpenAI -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-07-22 03:31</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1531 ET - The world's most valuable company is largely dependent on just one customer. A significant portion of <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>'s chip sales come from developers of AI models and above all, OpenAI, says UBS analyst Kirk Keirstead in a media roundtable. That creates risk for the whole AI industry that investors should be aware of even given the huge upside. \"It creates a little bit of risk that the AI trade and Nvidia's market cap and <a href=\"https://laohu8.com/S/ORCL\">Oracle</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> are dependent on the actions of a single tech company,\" Keirstead says. \"That feels like a bet that a lot of investors are willing to make given the tremendous apparent success of OpenAI to date.\" (nicholas.miller@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 21, 2025 15:31 ET (19:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDD","symbol_name":"1倍沽空NVDA ETF-Direxion","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2553409515","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553409515","pubTimestamp":1753126260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1531 ET - The world's most valuable company is largely dependent on just one customer. A significant portion of Nvidia's chip sales come from developers of AI models and above all, OpenAI, says UBS analyst Kirk Keirstead in a media roundtable. That creates risk for the whole AI industry that investors should be aware of even given the huge upside. \"It creates a little bit of risk that the AI trade and Nvidia's market cap and Oracle and Microsoft are dependent on the actions of a single tech company,\" Keirstead says. \"That feels like a bet that a lot of investors are willing to make given the tremendous apparent success of OpenAI to date.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDD":"1倍做空NVDA ETF-Direxion","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","NVDA":"英伟达","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","NVD2.UK":"2X NVIDIA ETP","BK4534":"瑞士信贷持仓","SNVD.UK":"LS -1X NVIDIA","NVDS":"1.5倍做空NVDA ETF-Tradr","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","NVDU":"2倍做多NVDA ETF-Direxion","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4566":"资本集团","NVIW.SI":"NVDA 3xLongSG261006","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","2NVD.UK":"2X NVIDIA ETP","3NVD.UK":"LS 3X NVIDIA","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","NVD3.UK":"LS 3X NVIDIA","NVDX":"2倍做多NVDA ETF-T-Rex","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","BK4592":"伊斯兰概念","NVD":"2倍做空NVDA ETF-GraniteShares","LU1989763005.USD":"东方汇理教育基金A2 Acc","NVDY":"NVDA期权收益策略ETF-YieldMax","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","NVDS.UK":"LS -1X NVIDIA","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","BK4548":"巴美列捷福持仓","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU0079474960.USD":"联博美国增长基金A","LU2286300806.USD":"Allianz Cyber Security AT Acc USD"},"translate_title":"Nvidia严重依赖OpenAI——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDU":0.6,"NVD":0.6,"NVDD":0.6,"NVDA":1,"NVIW.SI":0.6,"NVD2.UK":0.6,"3NVD.UK":0.6,"NVDX":0.6,"NVDY":0.6,"NVD3.UK":0.6,"2NVD.UK":0.6,"NVDS.UK":0.6,"SNVD.UK":0.6,"NVDS":0.6},"content_text":"1531 ET - The world's most valuable company is largely dependent on just one customer. A significant portion of Nvidia's chip sales come from developers of AI models and above all, OpenAI, says UBS analyst Kirk Keirstead in a media roundtable. That creates risk for the whole AI industry that investors should be aware of even given the huge upside. \"It creates a little bit of risk that the AI trade and Nvidia's market cap and Oracle and Microsoft are dependent on the actions of a single tech company,\" Keirstead says. \"That feels like a bet that a lot of investors are willing to make given the tremendous apparent success of OpenAI to date.\" (nicholas.miller@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 21, 2025 15:31 ET (19:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}