Jim Cramer Questions Nvidia’s $30 Billion OpenAI Investment
Jim Cramer challenged Nvidia’s roughly $30 billion investment in OpenAI, questioning whether it secures strategic partnership or effectively finances a rival, including concern about a “Jalapeño” competitor. The investment is described as lacking equity protections such as preferred shares, warrants, or backstop guarantees. Despite beating earnings five straight times, Nvidia shares have fallen in five of the last six post-earnings sessions.