Nvidia to Supply 170,000 GPUs to Firmus Technologies in AI Cloud Deal
NVDA sits 27% above its 52-week low of $151.49.
Summary
NVIDIA has partnered with Australia's Firmus Technologies to supply 170,000 GPUs between Q1 2027 and early 2028. Firmus will use this infrastructure to offer NVIDIA-powered cloud services to AI firms, projecting up to $30 billion in revenue over six years, with NVIDIA earning product revenue and a share of cloud revenue. This deal further expands NVIDIA's dominant position in the AI infrastructure market and secures future revenue streams, building on recent record financial results and strategic partnerships.
At the time of this announcement, NVDA was trading at $192.71 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.7T. The 52-week trading range was $151.49 to $236.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.