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Kazakhstan aims to become a major AI hub with Nvidia's support and $10B investment plans

Market News
23 Oct 2026
CNBC
View Source
Bullish
Kazakhstan aims to become a major AI hub with Nvidia's support and $10B investment plans

Nvidia CEO Jensen Huang visited Kazakhstan, highlighting its potential as a major AI computing hub for Europe due to its energy resources and data center expansion plans. Kazakhstan is investing $10 billion in AI infrastructure, including a computing cluster with Nvidia GPUs, to boost its digital economy and AI capabilities. Nvidia and TCV also invested in Kazakh AI startup Higgsfield, which has over 300 employees in the country. Additionally, Kazakhstan is attracting other tech investments and promoting its competitive electricity costs and land for data centers, aiming to become Central Asia's AI hub.

Nvidia shares are trading at USD 214.98 on Pluang as of Oct 23, 2026 15:31 WIB, showing a 1-day gain of 1.31%. This price is closer to its 52-week high of USD 239.27 than its low of USD 165.17, indicating strong investor interest possibly linked to Nvidia's expanding role in AI infrastructure globally, including Kazakhstan. The stock's market cap stands at $5.36 trillion, with a majority of Pluang investors buying, reflecting confidence in Nvidia's growth prospects.

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