Nvidia Invests $1B in Naver for AI Data Center Buildout
NVDA sits 26% above its 52-week low of $164.07.
Summary
Nvidia is acquiring $1 billion in newly issued Naver shares as part of a partnership to build a new data center. Naver will raise KRW1.481 trillion via a share sale to Nvidia, issuing 7.2 million new shares at KRW204,500 each. The proceeds will be used for an AI factory project in Korea. The deal deepens Nvidia's AI infrastructure push in Asia, following its recent 5 GW partnership with IREN and strong Q1 results. It signals continued aggressive deployment of capital into AI ecosystem expansion. The investment is modest relative to Nvidia's $5 trillion market cap but strategically significant for its Asian cloud and sovereign AI ambitions.
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 8 out of 10. Source: Reuters.