Wistron Opens $700M Texas Plant to Mass-Produce Nvidia AI Superchips
NVDA sits 25% above its 52-week low of $164.07.
Summary
Wistron, a key Nvidia supplier, opened a $700 million facility in Fort Worth, Texas, to produce Nvidia's Grace Blackwell and upcoming Vera Rubin AI superchips. The plant will reach tens of thousands of boards per month later this year, with a GB300 module already showcased. This expands Nvidia's U.S. manufacturing footprint and aligns with the Trump administration's push to reshore advanced chip production. The move strengthens Nvidia's supply chain resilience and capacity to meet surging AI demand, following its record Q1 FY27 revenue of $81.6 billion and $80 billion buyback authorization. Jensen Huang emphasized the scale, saying they are 'cranking them out in volume.' The facility is part of Nvidia's broader $500 billion U.S. investment commitment.
At the time of this announcement, NVDA was trading at $204.85 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: Dow Jones Newswires.