Nvidia and SK Group Unveil $500B AI Data Center Initiative
NVDA sits 26% above its 52-week low of $164.07.
Summary
Nvidia and South Korea's SK Group announced a $500 billion partnership to build AI data centers and co-develop next-generation memory. The deal includes a 2-gigawatt facility powered by Nvidia's Vera Rubin chips and SK hynix's HBM4 memory, with the first site expected online in 2027. This is one of the largest single AI infrastructure commitments ever, locking in long-term demand for Nvidia's platforms and securing its high-bandwidth memory supply chain. The partnership also involves Naver and Brookfield to expand an existing data center, deepening Nvidia's vertically integrated AI ecosystem in South Korea. The scale of this initiative reinforces Nvidia's dominance in the global AI buildout and follows a series of similar deals across Asia and the Middle East.
At the time of this announcement, NVDA was trading at $206.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $5T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Crypto Briefing.