$NVDA - BERNSTEIN: NVIDIA–OPENAI DEAL A POSITIVE CATALYST Bernstein reiterated an Outperform on NVIDIA (NVDA) with a $225 PT, citing its new partnership with OpenAI. NVIDIA may invest up to $100B as OpenAI deploys 10 GW of datacenter capacity using NVIDIA systems, with the first 1 GW ($10B) coming online in 2H 2026. Analyst Stacy Rasgon sees the deal as supportive of NVIDIA’s growth into 2026+, with no near-term risks. While AVGO shares dipped on the news, Bernstein views AI spending growth as a positive for both, favoring high-quality leaders like $NVDA and $AVGO.