Nvidia shares remained under pressure after a volatile week dominated by artificial intelligence safety concerns, as investors debated whether AI development should slow — even as the chipmaker's biggest AI customers pressed ahead with enormous capital raises.

NVDA closed at $212.17 on Sept. 15 after falling sharply from its Sept. 4 high of $234.76. At the same time, OpenAI is in preliminary talks on a funding round that could value the company at roughly $1.2 trillion, while Anthropic is separately considering an initial public offering at a valuation of about $2 trillion. These proposed transactions keep attention on whether major AI companies can continue securing the capital needed for their expansion plans.

Nvidia Would Benefit as OpenAI Plans a Major Fundraise

NVDA stock is in the spotlight as OpenAI, one of Nvidia's biggest investments, prepares a large fundraising. The company is considering raising capital at a $1.2 trillion valuation, substantially higher than its previous effort, which valued it at more than $850 billion. It remains unclear which companies will participate in the round and whether Nvidia will be one of the investors.

Nvidia has previously invested $30 billion in OpenAI and is now working to provide a financial backstop worth $105 billion for the company's Ohio data center.

The fundraising would benefit Nvidia for two main reasons. First, the value of Nvidia's stake in OpenAI would surge substantially. If OpenAI raises funds at this valuation, it would imply an even higher valuation for an eventual IPO — although OpenAI has ruled out going public this year. Second, a bolstered balance sheet would allow OpenAI to purchase more Nvidia chips and make payments to companies in which it holds stakes. OpenAI has already signed large data center deals with companies such as CoreWeave and Nebius.

Because the round is still under discussion, its final size, participants and use of proceeds remain important details to watch when assessing its potential effect on OpenAI and Nvidia.

Anthropic Is Eyeing a $2 Trillion IPO

Beyond OpenAI, Nvidia stock could also benefit from the upcoming Anthropic IPO, which would be the largest in the world. Anthropic is considering going public at a $2 trillion valuation. That matters for Nvidia because it took part in Anthropic's most recent fundraising and remains a minor investor in the company. The timing and terms of any offering have not been finalized, so the proposed valuation is not yet a public-market value.

Anthropic's relationship with Nvidia is significant: it recently reached a $35 billion agreement with the chipmaker, and most of that money will be spent acquiring Nvidia chips. Anthropic has become one of the fastest-growing companies in the United States. It generated more than $11.5 billion in revenue in the second quarter of the year and has told investors it will be profitable for the second consecutive quarter.

Nvidia's Growth Is Expected to Keep Climbing

Nvidia's most recent results showed that its growth continued in the second quarter. Revenue more than doubled to $96.2 billion, with data center revenue rising to more than $89 billion. Most importantly, management hinted that revenue growth will accelerate into next year. The company expects revenue to grow by 77% next year, much higher than analysts had expected. The actual revenue figure is likely to be higher, because the forecast did not include potential sales in China.

Nvidia Stock Price Technical Analysis

The daily chart shows that NVDA has slumped this week amid the AI safety issues. The stock has already dropped below the lower side of a rising wedge pattern, a common bearish reversal sign in technical analysis. It has also fallen below the 50-day moving average and the Strong, Pivot and Reverse level of the Murrey Math Lines tool, while the Relative Strength Index (RSI) and the MACD have continued falling.

According to the analysis, the stock is likely to continue falling, with the next main target at $200. A move above the resistance level of $225 would signal further gains, potentially toward $236.

Source: The Market Periodical