Nvidia CEO Jensen Huang Confirms A Major Investment In Elon Musk's XAI

This article first appeared on GuruFocus.

Oct 9 – Nvidia (NASDAQ:NVDA) CEO Jensen Huang has confirmed the company’s investment in Elon Musk’s artificial intelligence startup, xAI, and says he wishes he had gone in even bigger.

Speaking with CNBC, Huang described the financing opportunity as exciting and added that he wants to be involved in everything Musk does. Musk, who leads Tesla (TSLA) and SpaceX, continues to expand his reach across AI, space, and advanced tech ventures.

Huang also mentioned he regrets not putting more capital into CoreWeave (CRVW), a fast-growing AI data center firm closely tied to Nvidia’s hardware ecosystem. The comments followed news of Nvidia’s separate agreement with OpenAI, where the chipmaker plans to invest up to $100 billion over time to support at least 10 gigawatts of AI data centers built with Nvidia’s systems.

Meanwhile, rival chipmaker Advanced Micro Devices (AMD) has struck its own deal with OpenAI to deploy six gigawatts of AMD Instinct MI450 GPUs, with the first phase expected in 2026. As AI infrastructure spending accelerates, Nvidia remains at the center of the industry’s biggest partnerships and capital flows.

Based on the one year price targets offered by 54 analysts, the average target price for NVIDIA Corp is $215.19 with a high estimate of $389.73 and a low estimate of $100.00. The average target implies a upside of +13.79% from the current price of $189.11.

Based on GuruFocus estimates, the estimated GF Value for NVIDIA Corp in one year is $321.25, suggesting a upside of +69.87% from the current price of $189.11. Gf value is Gurufocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance. For deeper insights, visit the forecast page.