It has been a week of major moves in the tech world, and Nvidia’s chief executive Jensen Huang delivered one of the more surprising signals of them all. Speaking at an industry conference, Huang suggested that Nvidia’s large-scale investments in AI startups like OpenAI and Anthropic may be coming to a close, at least for now. He indicated the company would commit around $30 billion to OpenAI while noting that going further toward a full $100 billion was unlikely.
The reasoning behind the pullback is straightforward. Huang appears to be anticipating both companies eventually going public, a transition that would give investors a more direct path to owning a piece of those businesses without Nvidia needing to write increasingly large checks. It’s a rational recalibration from a company that has already made its mark as a foundational backer of the AI era.
OpenAI and Anthropic trade places in public perception
The broader AI landscape shifted in notable ways this week. OpenAI found itself in a complicated position after its partnership with the Pentagon drew widespread attention and backlash. In response, the company’s leadership moved quickly to clarify its commitment to AI safety standards, but not before a meaningful number of users deleted the ChatGPT app from their phones.
Anthropic, meanwhile, experienced the opposite effect. Its Claude assistant climbed to the top spot as the most downloaded free app on both Apple’s App Store and Google Play Store, a remarkable visibility moment for a company that has long operated in OpenAI’s shadow. The shift underscored just how quickly public sentiment can move in the AI space and how much brand trust matters when controversy strikes a competitor.
Apple keeps the product announcements coming
Apple continued its ambitious three-day product release stretch with the unveiling of the MacBook Neo, a new entry-level laptop priced at $599. That price point matches the iPhone 17e, Apple’s new budget-friendly smartphone announced earlier in the week, signaling a deliberate strategy to make its ecosystem more accessible to a broader range of consumers.
The week’s hardware rollout also included two new iPad Air models along with refreshed MacBook Air and MacBook Pro laptops powered by the newer M5 chip. For Apple, the flurry of announcements represents a concentrated push to refresh its lineup heading into a competitive spring season.
Broadcom delivers a record quarter
Chipmaker Broadcom capped the week with a strong earnings report, posting record first-quarter revenue and projecting second-quarter revenue of around $22 billion, well ahead of the $20.5 billion analysts had anticipated. The company also approved a fresh $10 billion share buyback program.
Much of the momentum came from AI-related demand. Broadcom reported that its AI revenue reached $8.4 billion in the first quarter, representing 106% growth compared to the same period a year ago. The company credited robust demand for custom AI accelerators and networking solutions, and projected that its AI segment revenue would reach $10.7 billion in the second quarter.
A rocky road ahead for Nvidia and the broader tech market
Despite the strong individual results, the broader tech trade has faced a choppy start to the year. Investors are grappling with questions about how sustainable the massive capital spending on AI infrastructure really is. At the same time, the rapid advancement of AI tools from companies like Anthropic and OpenAI has unsettled software stocks across the board, with analysts raising concerns about the long-term impact on established players in areas like cloud software and cybersecurity.
The week made one thing clear. In the AI era, momentum can shift fast and no position in the market feels entirely safe.
