Nvidia announced it will provide credit and computing power for OpenAI's new AI data center in Pike City, Ohio, supporting an initial 4.25 gigawatts of capacity with an option for 3.75 more. The data center, managed by SB Energy under a 20-year lease, is expected to come online in phases starting in 2028. Nvidia's CEO Jensen Huang emphasized the long-term infrastructure support to enable OpenAI's AI advancements. The project includes significant investments in power infrastructure and is expected to create thousands of construction and permanent jobs in the region.
In Q2 2026, David Tepper's Appaloosa Management reduced holdings in memory chip makers like Micron and exited SanDisk, reallocating capital into AI-related stocks such as Amazon, Taiwan Semiconductor, NVIDIA, and a new position in CoreWeave. Notably,...
NVIDIA, Taiwan Semiconductor Manufacturing (TSMC), and Broadcom are experiencing rapid growth driven by soaring AI demand, with revenue and earnings projections extending confidently into 2028. NVIDIA aims for $300 per share by 2027, supported by new...
During SpaceX's Q2 2026 earnings call, Elon Musk identified memory as the main bottleneck for AI compute expansion, surpassing power and GPU constraints. He highlighted that memory supply grows 20% annually while demand surges 200%, driving prices up...
In Q2 2026, three leading investors showed contrasting moves on NVIDIA: David Tepper increased his stake, signaling confidence in AI growth; Dan Loeb fully exited, reallocating to Alphabet; George Soros hedged his large long position by buying puts, ...
NVIDIA and SpaceX have announced a strategic partnership to build a massive AI computing infrastructure, targeting 10 gigawatts of AI compute capacity by 2027. SpaceX will use NVIDIA's GPUs exclusively, with NVIDIA backing a $500 billion financing pl...
