Nvidia poised to invest $20 billion in OpenAI, per report

Nvidia is close to investing $20 billion in OpenAI’s funding round, per Bloomberg, citing people familiar with the matter.

That would make its OpenAI stake more than the market value of the chip designer’s entire portfolio of publicly traded stocks (a little over $15 billion, assuming no changes since its most recent filings).

Media reports have suggested that Amazon and SoftBank would be contributing even more to this oft-discussed funding round, in which the Sam Altman-led venture is aiming to raise $100 billion.

It’s a fairly happy ending after the two sides traded barbs in the press over the past few days, with The Wall Street Journal reporting that Nvidia CEO Jensen Huang had privately questioned the “lack of discipline” in the ChatGPT maker’s business approach, while sources told Reuters that OpenAI was “unsatisfied” by the performance of Nvidia’s AI chips and seeking alternatives.

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Paige Oamek14m

Snapchat falls after Meta rolls out new “Instants" feature

"Here today, gone tomorrow" is a winning idea — according to Wall Street.

Shares of Snap are down nearly 5% Thursday afternoon after Meta announced "Instants," a new feature and companion app which allows users to share "spontaneous, unfiltered photos" that disappearing after viewing. Remind you of anything?

Snap has fallen roughly 34% this year while Facebook and Instagram parent-company Meta has dipped 5% over the same time frame. Last week, Snap reported earnings which showed the social media company losing out on ad sales.

Saleah Blancaflor2h

US national average gas price rises after a short-lived dip, hitting $4.53

After nearly a week of declines, the national average price for a gallon of regular gas is rising again with Memorial Day less than two weeks away.

Today, the price sits around $4.53, which is a couple of cents lower than last week. But with crude oil prices floating around the $100 per barrel range, gas prices remain around their highest levels since 2022.

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

The uptick comes as we get closer to Memorial Day weekend, with many drivers preparing to hit the road facing the highest price at the pump during the summer holiday in four years. GasBuddy’s Patrick De Haan told Sherwood News last month that gas could potentially hit $5 by then.

Little Relief for Drivers as National Average Dips then Rises Again

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

Luke Kawa

Cerebras delivers monster IPO pop as traders clamor for fresh AI investment opportunities

The biggest IPO of the year so far is a prelude to the AI deluge.

Max Knoblauch3h

Boeing drops as Trump tells Fox News that China will order 200 jets, well below the 500-plane expectation

Boeing is on pace for one of its worst trading days of 2026, following President Trump’s announcement that China will place a 200-plane order from the company — the country’s first major Boeing order since 2017.

Since last year, reports of the deal’s size have placed the order number at “up to 500.”

Trump disclosed the order details in an interview on Fox News, saying “Boeing wanted 150, they got 200.”

Max Knoblauch4h

Ford has added $10 billion of market cap in 2 days on bullish trading around its energy business

Ford shares are having another banner day. The stock is up 7% intraday Thursday, after closing up more than 13% on Wednesday (the company’s best trading day since March 2020). The activity has added about $10 billion to Ford’s market cap since Tuesday’s close, according to Bloomberg data.

About 268,000 call options have changed hands as of 10:50 a.m. ET on Wednesday, roughly 3x the 20-day average for a full session.

Optimism around Ford Energy, the company’s new energy business, appears to still be driving the price action. The company will sell US-assembled battery systems to “utilities, data centers, and large industrial and commercial customers in the United States” and is licensing tech from Chinese battery giant CATL.

In a Tuesday evening note, Morgan Stanley analysts said Ford Energy could be worth $10 billion. Analyst Andrew Percoco said there is a “fairly high likelihood” Ford signs a supply agreement with a large commercial customer, and potentially hyperscalers, in the next few months.

Ford’s new subsidiary is similar to Tesla’s energy storage business and will add revenue through both sales (of its large 20-foot battery container systems) and service. Detroit rival GM is doing something similar and retooled its Tennessee EV battery plant to make energy storage batteries.

Ford surges on bullish options activity, Morgan Stanley praises its battery business

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