The ‘magic touch’ of OpenAI and NVIDIA has taken Wall Street by storm! Unlock two essential treasure maps of the AI ecosystem in one go.

The title of ‘stock market kingmakers’ for these two giants, OpenAI and NVIDIA, seems secure — any company they collaborate with sees its stock price surge immediately.

On October 13th,OpenAI announced a strategic partnership with chipmaker $Broadcom (AVGO.US)$to jointly develop custom AI chips and network system racks at a scale of 10 gigawatts.According to the joint statement, OpenAI will lead the chip and system design, while Broadcom will be responsible for co-development and deployment. The two companies will begin deployment in the second half of 2026 and complete full deployment by the end of 2029.

Additionally, reports indicate that OpenAI’s self-developed AI chip adopts the ARM architecture and will involve collaboration with companies such as ARM and Oracle during the development process.

At the same time,At the OCP Global Summit, $NVIDIA (NVDA.US)$offering a glimpse into the future of exascale AI factories.NVIDIA also announced over 20 partners that are helping to provide rack servers compliant with open standards to enable the future of exascale AI factories.

It is worth noting that,Whether it’s OpenAI's announcement of its partnership with Broadcom or NVIDIA's announcement of its partners, both have triggered a rally in the capital markets, with these companies’ stocks showing strong gains. For instance, Broadcom, which partnered with OpenAI, $Broadcom (AVGO.US)$soared nearly 10% overnight, while NVIDIA’s partners $Power Integrations (POWI.US)$rose more than 24%.

Upon reading this, many investors may be curious about the full scope of OpenAI's commercial empire and NVIDIA's ecosystem. The following will unveil them one by one.

The "New Oil Empire" of the AI Era! Who Has Already Secured OpenAI’s "Golden Ticket"?

With the partnership with Broadcom now finalized, OpenAI has rapidly completed its third major alliance within a month, having previously partnered with NVIDIA and AMD.These partnerships are not only aimed at building an AI computing cluster with a total scale exceeding 26GW but also outlining a trillion-dollar "circular transaction" closed-loop ecosystem,marking a shift in the AI industry's power structure from singular dependency towards a new paradigm of strategic alliances.

Each connection in this landscape represents a strategic bet on the future of AI, collectively outlining a new global chessboard of technological power.

1. Hardware and computing power ecosystem

As stated in a research report by Guosen Securities,In the hardware and computing power ecosystem,OpenAI’s choices reflect recognition of the main narrative in AI, boosting revenue expectations and stock prices of partner hardware manufacturers with large orders while deepening ties through equity stakes, agreements, and other means to form a closed-loop model of 'shared risks and shared benefits,' reinforcing market confidence in AI.

Microsoft and OpenAI have formed the tightest strategic closed loop:From capital infusion, Azure cloud infrastructure, to deeply integrating AI into core products such as Office and Bing, $Microsoft (MSFT.US)$ Microsoft acts as an investor, partner, and superuser, solidifying its dominance in the 'AI + cloud' space.

SoftBank, Oracle, NVIDIA: $SoftBank Group (ADR) (SFTBY.US)$ 、 $Oracle (ORCL.US)$ 、 $NVIDIA (NVDA.US)$ Formed an alliance around the 'Stargate Project,' creating a complete chain from capital (SoftBank), enterprise computing (Oracle) to core computing hardware (NVIDIA), laying a solid foundation for the AI boom.

NVIDIA, CoreWeave: $NVIDIA (NVDA.US)$ With its GPU hardware monopoly, it has seized the 'top-level discourse power' in the AI wave; and as its ecosystem extension, $CoreWeave (CRWV.US)$ has inherited this advantage, delivering computing power downstream through cloud services and playing a key role as a hub connecting industry giants with the market. Together, they form a complete value chain from hardware to services, sharing in the dividends of market growth.

Broadcom, AMD, Google, Amazon, Meta, Anthropic:In the chip sector, $Broadcom (AVGO.US)$ they have deepened their focus on customization, $Advanced Micro Devices (AMD.US)$ In exchange for 'equity for ecosystem,' it has tied itself to OpenAI and is $Arm Holdings (ARM.US)$ in discussions to design AI server CPUs; at the infrastructure layer, $Alphabet-C (GOOG.US)$ and $Amazon (AMZN.US)$ the competition for dominance in data centers and integration is intensifying; and on the application ecosystem front, $Meta Platforms (META.US)$ Anthropic, through a model of 'investment plus custody,' is strategically positioning itself alongside others. Beneath the surface of collaboration, competition has quietly begun.

At the same time,Multiple governments and enterprises are elevating 'sovereign AI infrastructure' to a national strategic priority,marking AI as a core weapon in global digital competition.

2. Software Ecosystem

Within the software ecosystem,OpenAI’s ChatGPT is transitioning from a 'tool-based application' to an 'Agent platform' and actively capturing use cases in information retrieval (Google), e-commerce (Amazon), and social media (META).

The content released at the OpenAI DevDay 2025 developer conference can be summarized into four key segments:ChatGPT has been upgraded to a "super app," allowing users to directly access third-party applications within conversations.；A new AgentKit toolkit tailored for developers was launched, lowering the barrier for building AI applications; the programming tool Codex is now fully open with multiple new features integrated; and the API has been comprehensively upgraded, including access to models such as GPT-5 Pro and Sora 2.

Notably, ChatGPT's weekly active users have surpassed 800 million, and the number of developers using OpenAI tools has reached 4 million.This means that any app integrated into ChatGPT has the potential to instantly reach a massive global user base of 800 million.

In other words, traditional customer acquisition strategies—massive advertising and SEO—are being disrupted. Today, gaining entry into ChatGPT, the super entrance with hundreds of millions of users, is akin to holding a 'ticket' to a monopolistic channel, marking a new era in customer acquisition models.

Amidst this storm of AI gateway restructuring,design platforms, $Figma Inc (FIG.US)$and tools like Canva and music software $Spotify Technology (SPOT.US)$, the American online real estate company $Zillow-C (Z.US)$, the online travel giant $Expedia (EXPE.US)$、 $Booking Holdings (BKNG.US)$, the online education platform $Coursera (COUR.US)$became one of the first batch of application partners to go live.

The era of AI megafactories has arrived! Who will join NVIDIA's ecosystem?

Overnight, at the Open Compute Project Global Summit,NVIDIA outlined the future blueprint for gigawatt-scale AI factories.

Jensen Huang, founder and CEO of NVIDIA, stated that trillion-parameter models are transforming data centers into gigawatt-scale AI factories. Spectrum-X is not only faster Ethernet but also the nervous system of AI factories, enabling hyperscale enterprises to connect millions of GPUs to build a massive supercomputer to train the largest models ever created.

NVIDIA announced that it will collaborate with Meta and Oracle to upgrade their AI data center networks based on NVIDIA Spectrum-X Ethernet switches. Additionally, NVIDIA unveiled over 20 partners to help usher in the new era of megawatt (MW)-scale AI data centers, positioning itself as one of the first beneficiaries of this major power revolution.

In other words,This 'power revolution' by NVIDIA marks a pivotal battle.Led by NVIDIA, the company is guiding its supply chain partners to transition data center power infrastructure towards 800 HVDC (High Voltage Direct Current).

NVIDIA announced over 20 "Power Revolution Corps" partners, categorized into three major domains: GaN/SiC power chips and modules, power system component providers, and power system solution providers.

Silicon wafer suppliers: $Analog Devices (ADI.US)$ 、 $Alpha & Omega Semiconductor (AOSL.US)$ 、 $Monolithic Power Systems (MPWR.US)$ 、 $Navitas Semiconductor (NVTS.US)$ 、 $ON Semiconductor (ON.US)$ 、 $Power Integrations (POWI.US)$ 、 $STMicroelectronics (STM.US)$ 、 $Texas Instruments (TXN.US)$ 、 $INNOSCIENCE (02577.HK)$ 、 $INFINEON TECHNOLOG (IFNNY.US)$ 、 $Renesas Electronics (ADR) (RNECY.US)$ 、 $Rohm (ADR) (ROHCY.US)$ , EPC, and Richtek Technology;

Power system component suppliers: $Flex Ltd (FLEX.US)$ 、 $GE Vernova (GEV.US)$ 、 $Shenzhen Megmeet Electrical (002851.SZ)$ , BizLink Holding, Delta Electronics, $BYD ELECTRONIC (00285.HK)$ Subsidiary Lead Wealth and Lite-On Technology;

Data center power system suppliers: $Eaton (ETN.US)$ 、 $GE Vernova (GEV.US)$ 、 $Vertiv Holdings (VRT.US)$、 $Mitsubishi Electric (ADR) (MIELY.US)$ 、 $SIEMENS AG (SIEGY.US)$ , ABB, Hitachi Energy, Heron Power, Schneider Electric.

In addition, Foxconn provided a detailed introduction of its under-construction 40,000-kilowatt Taiwan Kaohsiung Data Center No. 1, which will support 800 VDC. $CoreWeave (CRWV.US)$ , Lambda, $NEBIUS (NBIS.US)$ 、 $Oracle (ORCL.US)$ Industry pioneers such as Cloud Infrastructure and Together AI are also designing 800-volt data centers.

Additionally, $Vertiv Holdings (VRT.US)$ They announced their space-saving, cost-effective, and energy-efficient 800 VDC MGX reference architecture, a complete power and cooling infrastructure framework. $Hewlett Packard Enterprise (HPE.US)$ The company announced that its products will support NVIDIA Kyber as well as NVIDIA Spectrum-XGS Ethernet scale-out technology, which is part of the Spectrum-X Ethernet platform.

To learn more about NVIDIA's AI super-factories and other beneficiary stocks, click to read >> NVIDIA launches new technology to build AI super factories! Which companies have the greatest potential to benefit?

Summary

The current landscape of alliances in the AI field bears notable similarities to the developmental trajectory of the Internet era. While we must witness AI's transformative impact on the world, it is even more important to recognize that only through the combined strength of an ecosystem can we break through the limitations of individual technologies and achieve a true paradigm shift.

However, AI and cloud computing companies almost every few days announce large-scale projects, but the financing methods for these projects are often unclear.These interconnected transactions have also heightened market concerns about a potential bubble in AI spending.

📣Futu’s 13th anniversary — heartfelt thanks to our fellow investors for their unwavering support! From October 13 to November 22, we will launch the second Global Simulated Trading Competition. Participants from seven regions will compete for a share of up to $200,000 in prizes.🏆The top three global finalists will receive $10,000, $3,000, and $1,000 respectively, along with a co-branded trophy from Nasdaq; the top ten regional finalists will attend an offline award ceremony and receive exclusive certificates!

📢Event duration: October 13, 2025, 10:00 AM – November 22, 2025, 05:00 AM

* This event is only open to Futu Hong Kong region users and invited users.

108

2.1M Views