Core Insights - Nvidia is set to invest up to $1 billion in Poolside, an AI startup that has increased its valuation from $3 billion to $12 billion in just one year [1] - Poolside is raising a total of $2 billion, with over $1 billion already committed, including approximately $700 million from existing investors [1] - The investment from Nvidia is part of its strategy to build an AI ecosystem and strengthen partnerships with emerging AI companies [5] Company Overview - Poolside was co-founded in 2023 by former GitHub executive Jason Warner and Eiso Kant, with offices in the U.S. and Paris [2] - The company launched its first product, an enterprise software-engineering platform, in 2024, which is currently being tested in government and defense sectors [3] - Poolside aims to develop artificial general intelligence capable of performing complex tasks across various domains [3] Product and Technology - Poolside's platform integrates AI capabilities across multiple environments, including development tools and enterprise applications, while ensuring sensitive data remains under client management [4] - The foundation models operate within customer-controlled security boundaries, either on-premises or in Virtual Private Clouds [4] Investment Context - Nvidia's investment could start at $500 million and increase to $1 billion based on fundraising success, highlighting its ongoing support for Poolside [5] - Nvidia has invested in 59 AI startups as of mid-October, indicating a significant increase in its investment activity compared to the previous year [6] - The company also holds stakes in other AI ventures, including Perplexity AI and Figure AI, further diversifying its AI portfolio [6]

Shares of the AI chip maker have been on a relentless run this year – up 45.4% year-to-date (YTD) and soaring 71.5% over the past six months alone, cementing its place among Wall Street’s strongest momentum plays. The stock crossed above the $200 mark on Oct. 28, and notched a fresh high of $212.19 on Oct. 29, marking yet another milestone in its rally.With a market capitalization nearing $4.9 trillion, Nvidia stands as the world’s most valuable company and the first to reach such heights. Each time skeptic ...

(Bloomberg) — Microsoft Corp. (MSFT) has committed more than $60 billion to neocloud data center companies, evidence of the company’s race to find enough computing capacity for its AI needs. The largest chunk of that spending — about $23 billion — is going to British startup Nscale, according to people familiar with the situation, who requested anonymity to discuss the previously undisclosed sum. The arrangement with Nscale will give Microsoft access to about 200,000 of Nvidia Corp.’s latest GB300 chips a ...

NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Monopoly Stocks to Buy Now. On October 31, Bloomberg reported that NVIDIA Corporation (NASDAQ:NVDA) plans to invest as much as $1 billion in the AI company, Poolside. NVIDIA (NVDA) to Invest $1 billion in Poolside, Reports Bloomberg Poolside continues to discuss garnering $2 billion at a valuation of $12 billion, which doesn’t include the dollars raised. Notably, NVIDIA Corporation (NASDAQ:NVDA)’s investment in the round, which was not previously report ...

(Reuters) -Microsoft has struck a $9.7 billion deal with data-center operator IREN that includes access to Nvidia's advanced chips, aiming to ease ​the computing crunch that has kept the tech giant from fully cashing in on the ‌artificial intelligence boom. The news sent shares of IREN up as much as 24.7% to a record high on Monday, ‌with the stock last up nearly 10%. AI-server maker Dell was also up about 1%, as it would provide IREN with Nvidia's GB300 chips and other equipment that Microsoft will use f ...

Nvidia Corp. plans to invest as much as $1 billion in the artificial intelligence company Poolside, according to people familiar with the matter — part of a deal that would quadruple the valuation of the AI startup. Most Read from Bloomberg Poolside is in discussions to raise $2 billion at a $12 billion valuation, not including dollars raised. Nvidia’s investment in the round, which has not been previously reported, would start at $500 million, with the potential to reach $1 billion if the startup meets ...

NVIDIA Corporation (NASDAQ:NVDA) is one of the Most Promising AI Stocks to Buy Right Now. On October 16, Bloomberg reported that NVIDIA Corporation (NASDAQ:NVDA) is partnering with Australian startup Firmus Technologies Ltd. in a bid to create a massive fleet of renewable energy-powered AI data centers throughout the country. The construction is in progress on 2 data centers in Melbourne and Tasmania for Project Southgate, which is A$4.5 billion ($2.9 billion) undertaking utilising 150 megawatts of power. ...

Company Overview - Nio's shares fell over 8% after Singapore's sovereign wealth fund, GIC, filed a lawsuit against the company, accusing it of inflating revenues and violating securities laws [5][7] - The lawsuit names CEO Li Bin and former CFO Feng Wei as defendants, alleging that Nio improperly recognized over $600 million in leased battery revenue through Weineng, which is claimed to be controlled by Nio [6][7] Financial Impact - GIC, which purchased Nio shares between August 11, 2022, and July 11, 2023, states it suffered significant losses due to the alleged misrepresentation of Nio's financials [7] - Following the lawsuit news, Nio's shares on the Singapore Exchange dropped by 7.9%, and the company's premarket shares on the NYSE fell by 6.6% [7] Industry Developments - Nvidia is collaborating with Firmus Technologies to develop renewable energy-powered AI data centers in Australia, with an investment of A$4.5 billion ($2.9 billion) [8] - Construction is already underway on two data centers in Melbourne and Tasmania, expected to utilize 150 megawatts of power and come online by April [8]

RT Brody Ford (@BrodyFord_)scoop: Microsoft’s internal AI teams will get access to 100K+ of Nvidia’s latest GB300 chips through a $19B deal with Nebius. $msft $nbishttps://t.co/HKULOUNe5U ...

Core Insights - Micron Technology, Inc. is being closely monitored by analysts as a significant player in the AI stock market, with Mizuho raising its price target from $155.00 to $182.00 while maintaining an Outperform rating ahead of the earnings report on September 23 [1] - There is an anticipated increase in demand for High Bandwidth Memory (HBM) leading up to Micron's fiscal fourth-quarter results, with expectations of higher sales of HBM3e driven by Nvidia's new GB300 chips [2] - Analysts estimate that approximately 25% of Nvidia's shipments in the July quarter were from the GB300 series, with projections indicating that this mix could exceed 50% in the October quarter, potentially benefiting Micron's guidance for the November quarter [3] Company Overview - Micron Technology develops and sells memory and storage products for various applications, including data centers and mobile devices, across multiple industries globally [3]