NVIDIA Corporation (NVDA)’s Chips to be Used to Power xAI’s Colossus 2

Group 1 - NVIDIA Corporation (NASDAQ:NVDA) is recognized as one of the top 13 Fortune 500 stocks to invest in currently [1] - xAI, an AI startup founded by Elon Musk, is negotiating a $20 billion lease-to-own deal for NVIDIA's chips to power its Colossus 2 data center in Memphis [2] - The deal is structured through a special purpose vehicle (SPV) created by Valor Equity Partners, combining $7.5 billion in equity and $12.5 billion in debt to acquire the chips from NVIDIA [3] Group 2 - NVIDIA will contribute $2 billion in equity to the SPV, thereby transferring most of the financial risk to Valor while aiding xAI's AI computing goals [4] - NVIDIA is a leading provider of graphics, compute, and networking solutions, offering services in data center accelerated computing, AI software, networking, automotive platforms, robotics, and DGX cloud computing [4]