Nvidia(US:NVDA) HTSC·2025-06-12 10:10Investment Rating - The report maintains an "Overweight" rating for the industry [6] Core Insights - The report highlights the emergence of a sovereign AI-driven incremental market, with NVIDIA's AI supercomputing infrastructure set to be deployed across multiple European countries, creating a robust AI ecosystem [1][2] - The acceleration of physical AI applications is noted, with NVIDIA's Omniverse being central to replicating AI factories in the European industrial and pharmaceutical sectors [1][3] - The software ecosystem's stickiness is emphasized as a critical factor for NVIDIA's ongoing success [1][4] Summary by Sections Sovereign AI - The EU announced an expansion of its AI factory network, including 13 existing AI factories and an investment of €20 billion to build up to 5 AI Gigafactories, each equipped with approximately 100,000 advanced AI processors [2] - NVIDIA plans to deploy over 3,000 exaflops of AI computing power in Europe, collaborating with Mistral AI in France and Nebius and Nscale in the UK [2] Enterprise Collaboration - NVIDIA is constructing the world's first industrial AI cloud for European manufacturers, supported by 10,000 GPUs, including B200 and RTX PRO servers [3] - The Omniverse platform is being utilized across various European industrial applications, enhancing product lifecycle management for companies like BMW and Siemens [3] Software Ecosystem - NVIDIA is expanding its DGX Cloud Lepton and Nemotron AI platforms, allowing developers to seamlessly deploy and manage AI models across various cloud environments [4] - Collaborations with European venture capital firms aim to provide support for companies using DGX Cloud Lepton, potentially locking developers into NVIDIA's software framework [4]