Nvidia nears $30 billion investment in OpenAI’s funding round, the FT reports

Nvidia is close to investing $30 billion in OpenAI as part of its long-discussed funding round, per the Financial Times.

Bloomberg had previously reported that Nvidia would be investing $20 billion in this round.

The FT says that this investment will effectively be replacing a bigger planned pact between the two companies. The Wall Street Journal had originally reported in late January that Nvidia’s investment of up to $100 billion in OpenAI, which was announced in September, had “stalled” amid private criticisms of the ChatGPT maker by CEO Jensen Huang.

As Microsoft, SoftBank, or Oracle could tell you, being viewed as overly exposed to OpenAI has not been a boon for stocks in recent months.

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Max Knoblauch2h

The Supreme Court’s tariff ruling isn’t sweeping relief for automakers, but it isn’t nothing either

The Supreme Court on Friday struck down a significant chunk of President Trump’s tariffs, but the decision isn’t a cause for automakers to fully exhale.

Friday’s ruling relates to tariffs imposed under the International Emergency Economic Powers Act and not Section 232. The 25% tariffs on automobiles and auto parts were imposed under Section 232, so those tariffs remain in place.

Still, it’s worth noting that automakers including Ford, GM, and Stellantis aren’t completely on the outside looking in. IEEPA tariffs did cover certain machinery, lower-cost raw materials, and components, which account for a small chunk of automaker production costs.

According to the Center for Automotive Research, IEEPA tariffs account for about $250 per vehicle for the big three Detroit automakers, or $902 million in costs. That’s a far cry from the Section 232 tariff impact of $4,240 per vehicle, per the think tank, but it’s not nothing.

The modest bump in auto stocks compared to retailers on Friday reflects the light relief.

Stocks jump after Supreme Court strikes down Trump’s reciprocal tariffs

The modest bump in auto stocks compared to retailers on Friday reflects the light relief.

Luke Kawa

Supreme Court strikes down Trump’s reciprocal tariffs

The president called the ruling a “disgrace” and has indicated he has backup plans to reinstate tariffs.

President Trump Holds "Make America Wealthy Again Event" In White House Rose Garden

Luke Kawa

Opendoor rises as JPMorgan boosts earnings estimates following Q4 results

New CEO Kaz Nejatian said the cohort of homes purchased in October, his first full month running the company, is poised to be Opendoor’s most profitable October ever.

J. Edward Moreno

Grail tanks after cancer detection test fails in key study

Hims & Hers announced a partnership with the company earlier this month.

Luke Kawa4h

Stocks slip after economic data disappoints

The SPDR S&P 500 ETF slipped to premarket lows after underwhelming economic data.

Core inflation surprised to the upside in December, while the initial read of economic growth in the final three months of 2025 was weak.

Core PCE inflation rose 0.4% month on month to end the year, while economists had anticipated a rise of 0.3%. Q4 GDP rose just 1.4% quarter on quarter at a seasonally adjusted and annualized rate, while analysts thought growth would be twice as strong.

The implied odds of any Federal Reserve action at its April or June meetings was little changed in the immediate aftermath of these releases.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

The PCE is the Federal Reserve’s preferred measure of inflation, with the core gauge that strips out volatile food and energy prices used to get a better sense of the underlying trend in price pressures.

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