Nvidia and OpenAI are discussing a massive $500 billion investment to build a data center in southern Ohio, which would become the largest in the world by power capacity at 10 gigawatts. Nvidia may provide $250 billion to help OpenAI lease the site, with additional costs including up to $350 billion for Nvidia chips. The project, located on federally owned land and funded partly by Japan, aims to complete its first phase by 2028 with 800 megawatts of power. This development highlights the growing scale of AI infrastructure investments by major tech firms and could significantly impact the data center and AI industries.
JPMorgan introduced two new ETFs, ROCY and ROCQ, designed to reduce the tax burden on income for investors holding shares in taxable accounts. Unlike JEPI, which generates mostly ordinary income taxable annually, these new funds focus on return-of-ca...
Vanguard's VGT ETF, though appearing diversified with 324 holdings, is heavily concentrated in semiconductor stocks, especially those tied to AI chips like NVIDIA, which alone makes up about 17% of the fund. This concentration means the fund's future...
August saw notable market volatility amid ongoing Middle East tensions and record diesel crack spreads. Strong earnings growth in the S&P 500 was led by AI chipmakers like NVIDIA, though concerns about vendor financing and credit risk are rising. Fed...
Nvidia announced a program to earn revenue twice on each chip sold—once at sale and again through sharing cloud profits with smaller cloud providers. The plan aimed to create recurring revenue by financing hardware purchases and sharing cloud usage p...
Nvidia Corporation continues to show strong growth and profitability driven by high demand from hyperscalers and NeoCloud clients. Despite its valuation dropping to a 28x price-to-earnings ratio, Nvidia's Q2 FY27 net income surged 126% year-over-year...
