The companies said they would build AI factories on Nvidia’s computing-platform technology.

Google and Amazon made billions of dollars in the AI chip business over the past year, showing other companies that Nvidia isn’t the only game in town.

Last September, Nvidia (NASDAQ:NVDA) and OpenAI lit up the AI world with the announcement of a letter of intent for a “landmark strategic partnership” to deploy at least 10 gigawatts of Nvidia systems,

The companies will invest up to $1 billion over five years to support discovery and development powered by artificial intelligence.

Spending on artificial intelligence is projected to grow by more than 30% in both 2026 and 2027.

Artificial intelligence is no longer just a software story. In recent days, NVIDIA CEO Jensen Huang has argued that AI is triggering the biggest buildout of physical infrastructure in human history, a project he says will require trillions of dollars and reshape labor markets from chip fabs to plumbing.

Broadcom (NASDAQ:AVGO) and Taiwan Semiconductor Manufacturing (NYSE:TSM) are emerging as major beneficiaries of the custom AI chip boom, capturing value alongside NVIDIA’s continued dominance in the AI infrastructure market.

Navitas Semiconductor has shifted its focus away from lower margin mobile and consumer segments toward higher margin markets such as data center infrastructure and industrial electrification. The company is partnering with Nvidia to supply power solutions for AI and data center applications.

As hyperscalers hit grid limits, value shifts to gas producers, turbine makers, and copper miners. Here's how the AI power bottleneck is creating investment winners.

AMD is excited about its growth prospects for 2026.