Nvidia Locks In Up to $500B SK Hynix Memory Deal to Ease Supply Crunch
NVDA sits 26% above its 52-week low of $164.07.
Summary
Nvidia has secured a memory supply agreement with SK Hynix potentially worth up to $500 billion, directly addressing the global memory shortage that threatens its AI chip production. This deal ensures stable access to high-bandwidth memory critical for its data center GPUs, removing a key supply-chain bottleneck. It follows Nvidia's record Q1 FY27 revenue of $81.6 billion and $78 billion Q2 guidance, reinforcing its ability to meet explosive AI demand. The scale of the agreement — roughly 10% of Nvidia's market cap — signals aggressive capacity planning and deepens its strategic partnership with a leading memory supplier. With memory constraints easing, Nvidia is better positioned to sustain its triple-digit data center growth trajectory.
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: Binance News.