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OpenAI, Oracle Eye Nvidia Chips Worth Billions for Stargate Site

OpenAI and Oracle Corp. are set to equip a new data center in Texas with tens of thousands of Nvidia's powerful AI chips as part of their $100 billion Stargate venture. The facility, located in Abilene, is projected to house 64,000 of Nvidia’s GB200 semiconductors by 2026, marking a significant investment in AI infrastructure. This initiative highlights the escalating competition among tech giants to enhance their capacity for generative AI applications, as seen with other major players making substantial commitments to similar technologies.

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The AI Industry Is Set for an Explosive Growth Spurt Δ1.89

The Stargate Project, a massive AI initiative led by OpenAI, Oracle, SoftBank, and backed by Microsoft and Arm, is expected to require 64,000 Nvidia GPUs by 2026. The project's initial batch of 16,000 GPUs will be delivered this summer, with the remaining GPUs arriving next year. The GPU demand for just one data center and a single customer highlights the scale of the initiative.

Cloud Giants Bet Big on AI as Data Center Spending Soars Δ1.82

The cloud giants Amazon, Microsoft, and Alphabet are significantly increasing their investments in artificial intelligence (AI) driven data centers, with capital expenditures expected to rise 34% year-over-year to $257 billion by 2025, according to Bank of America. The companies' commitment to expanding AI capabilities is driven by strong demand for generative AI (GenAI) and existing capacity constraints. As a result, the cloud providers are ramping up their spending on chip supply chain resilience and data center infrastructure.

Elon Musk's xAI Buys New Property in Memphis Amid Supercomputer Expansion Δ1.81

xAI is expanding its AI infrastructure with a 1-million-square-foot purchase in Southwest Memphis, Tennessee, as it builds on previous investments to enhance the capabilities of its Colossus supercomputer. The company aims to house at least one million graphics processing units (GPUs) within the state, with plans to establish a large-scale data center. This move is part of xAI's efforts to gain a competitive edge in the AI industry amid increased competition from rivals like OpenAI.

Hedge Fund Secrets: Unlocking Alpha in AI Stocks. Δ1.81

NVIDIA Corporation's (NASDAQ:NVDA) recent price target hike by Morgan Stanley highlights the growing interest in AI stocks among institutional investors. The company's dominance in the graphics processing unit (GPU) market and its expanding presence in the artificial intelligence (AI) space have made it a top pick among hedge funds. As AI continues to transform industries, NVIDIA is poised to reap significant benefits from its innovative technologies.

The Ai-Powered Chip Showdown: Who Comes Out on Top? Δ1.81

NVIDIA's latest earnings report has fueled speculation about its dominance in the AI and data center markets. With Q4 revenues reaching $39.3 billion, NVIDIA is poised to capitalize on the growing demand for high-performance GPUs. The company's Blackwell architecture line of products is driving significant revenue growth, but the question remains whether rapid expansion can strain margins.

Nvidia's Ai Expansion: 5 Key Takeaways From Earnings Δ1.81

Nvidia delivered another record quarter amid surging artificial intelligence (AI) demand, posting Q4 revenue of $39.3 billion, up 78% year-over-year, and providing strong guidance for continued growth. The new Blackwell architecture saw remarkable initial uptake, with $11 billion in revenue during its first quarter of availability, representing the fastest product ramp in Nvidia's history. This significant milestone demonstrates the company's ability to execute at scale and meet high demand for AI-powered solutions.

Dell's Ai Server Sales Outlook Fails to Ease Profit Worries Δ1.81

Dell Technologies Inc. has provided a strong outlook for sales of servers optimized for artificial intelligence, but investors remain concerned about the profitability of these products due to the high cost of chips from Nvidia Corp. The company expects to ship $15 billion worth of AI servers in 2026, a 50% jump over the previous year, with its backlog increasing to $9 billion after deals with prominent customers such as Elon Musk's xAI. Despite this growth, Dell's gross margin is expected to decline by 1 percentage point from a year earlier.

OpenAI Launches $50M Grant Program to Help Fund Academic Research Δ1.81

OpenAI has introduced NextGenAI, a consortium aimed at funding AI-assisted research across leading universities, backed by a $50 million investment in grants and resources. The initiative, which includes prestigious institutions such as Harvard and MIT as founding partners, seeks to empower students and researchers in their exploration of AI's potential and applications. As this program unfolds, it raises questions about the balance of influence between OpenAI's proprietary technologies and the broader landscape of AI research.

AI Giant OpenAI Ups the Ante with $20,000 AI Agents Δ1.80

OpenAI is making a high-stakes bet on its AI future, reportedly planning to charge up to $20,000 a month for its most advanced AI agents. These Ph.D.-level agents are designed to take actions on behalf of users, targeting enterprise clients willing to pay a premium for automation at scale. A lower-tier version, priced at $2,000 a month, is aimed at high-income professionals. OpenAI is betting big that these AI assistants will generate enough value to justify the price tag but whether businesses will bite remains to be seen.

Gpu Shortage Hinders Openai's Latest Model Rollout Δ1.80

OpenAI CEO Sam Altman has revealed that the company is "out of GPUs" due to rapid growth, forcing it to stagger the rollout of its new model, GPT-4.5. This limits access to the expensive and enormous GPT-4.5, which requires tens of thousands more GPUs than its predecessor, GPT-4. The high cost of GPT-4.5 is due in part to its size, with Altman stating it's "30x the input cost and 15x the output cost" of OpenAI's workhorse model.

Nvidia Ceo Jensen Huang Reinforces the Company's Role in the 'Evolving' Ai Trade Δ1.80

Nvidia CEO Jensen Huang has pushed back against concerns about the company's future growth, emphasizing that the evolving AI trade will require more powerful chips like Nvidia's Blackwell GPUs. Shares of Nvidia have been off more than 7% on the year due to worries that cheaper alternatives could disrupt the company's long-term health. Despite initial skepticism, Huang argues that AI models requiring high-performance chips will drive demand for Nvidia's products.

Nvidia Sales Boom on AI Demand, Company Offers Strong Guidance Δ1.80

Nvidia's fourth-quarter earnings beat Wall Street expectations, driven by a surge in demand for its artificial intelligence (AI) chips. The company reported strong guidance for the current quarter, with revenue expected to grow around 65% year-over-year. Nvidia's data center business is driving the growth, with sales more than tripling compared to the same period last year.

AMD's AI Roadmap: A Multi-Billion-Dollar Revolution Δ1.80

AMD is on the verge of a transformative AI expansion, anticipating double-digit growth by 2025 driven by its data center and AI accelerator initiatives. The company achieved record revenues of $25.8 billion in 2024, with notable contributions from the Data Center segment, which nearly doubled to $12.6 billion due to rising cloud adoption and expanded market share. Despite challenges in the Gaming and Embedded segments, AMD's strategic focus on AI technology positions it as a strong competitor in the rapidly evolving market.

Tech Giants Face Off in Ai and Quantum Chips Δ1.80

Apple's DEI defense has been bolstered by a shareholder vote that upheld the company's diversity policies. The decision comes as tech giants invest heavily in artificial intelligence and quantum computing. Apple is also expanding its presence in the US, committing $500 billion to domestic manufacturing and AI development.

Rivals Rise as Ai Dominance Strengthens Δ1.80

NVIDIA Corporation's (NVDA) price target has been raised to $200 as investors continue to bet on the company's dominance in the AI market. The company's earnings report was met with a mixed reaction, with concerns about sustaining the AI-driven market rally lingering. Despite this, investment firms like UBS remain bullish on NVIDIA and the broader AI trend.

Nvidia Stock Could Be a Bargain Despite Recent Gains Δ1.80

Artificial intelligence (AI) is rapidly transforming the global economy, and Nvidia has been at the forefront of this revolution. The company's accelerated computing GPUs are now recognized as the backbone of AI infrastructure, powering the most innovative applications. With revenue climbing by 114% year over year and adjusted earnings per share increasing by 130%, Nvidia's growth momentum appears unwavering.

CoreWeave Files Major AI IPO as Revenue Surges Over Eight-Fold Δ1.79

CoreWeave, a cloud provider backed by Nvidia, has announced a significant surge in revenue of over eight-fold to $1.92 billion in 2024, according to its U.S. initial public offering paperwork. The startup is now poised to raise more than $3 billion from the share sale and aims for a valuation greater than $35 billion, making it one of the biggest tech listings in recent years. CoreWeave competes with cloud providers such as Microsoft's Azure and Amazon's AWS, but its data center footprint grew to 32 in 2024 compared to 10 in 2023.

2 AI Chip Stocks to Buy on the Dip Δ1.79

The semiconductor industry, particularly AI chip stocks, is currently facing negative sentiment due to high valuations and economic concerns, leading to a dip in stock prices. Despite this, companies like Nvidia are well-positioned for long-term growth, driven by increasing demand for AI inferencing and significant investments from major tech firms. As infrastructure spending on data centers is projected to surge, Nvidia's innovative products, such as the Blackwell computing platform, are expected to bolster revenue significantly in the coming quarters.

Nvidia Breaks Records: Doubled Revenues in 2024 Behind Blackwell Δ1.79

During 2024, the company reported revenues of $130.5 billion, increasing 114% from the previous fiscal year. Higher demand for AI capabilities and specifically the Blackwell GPU supported the results. A key factor in the results was the Data Center segment, which reported a record-breaking $35.6 billion in revenue for the fourth quarter.

3 Best Artificial Intelligence (AI) Stocks to Buy in March Δ1.79

Amid recent volatility in the AI sector, investors are presented with promising opportunities, particularly in stocks like Nvidia, Amazon, and Microsoft. Nvidia, despite a notable decline from its peak, continues to dominate the GPU market, essential for AI development, while Amazon's cloud computing division is significantly investing in AI infrastructure. The current market conditions may favor long-term investors who strategically identify undervalued stocks with substantial growth potential in the burgeoning AI industry.

Openai Unveils gpt-4.5 'Orion,' Its Largest Ai Model Yet Δ1.79

OpenAI has launched GPT-4.5, a significant advancement in its AI models, offering greater computational power and data integration than previous iterations. Despite its enhanced capabilities, GPT-4.5 does not achieve the anticipated performance leaps seen in earlier models, particularly when compared to emerging AI reasoning models from competitors. The model's introduction reflects a critical moment in AI development, where the limitations of traditional training methods are becoming apparent, prompting a shift towards more complex reasoning approaches.

Nvidia Beats Expectations Again: What's Next? Δ1.79

Nvidia delivered another record quarter, with its Blackwell artificial intelligence platform successfully ramping up large-scale production and achieving billions of dollars in sales in its first quarter. The company is expected to make announcements about its next-generation AI platform, Vera Rubin, and plans for future products at its annual GPU Technology Conference in March. Nvidia CEO Jensen Huang has hinted that the conference will be "another positive catalyst" for the company's performance advantages.

Openai’s Startup Empire: The Companies Backed by Its Venture Fund Δ1.79

OpenAI Startup Fund has successfully invested in over a dozen startups since its establishment in 2021, with a total of $175 million raised for its main fund and an additional $114 million through specialized investment vehicles. The fund operates independently, sourcing capital from external investors, including prominent backer Microsoft, which distinguishes it from many major tech companies that utilize their own funds for similar investments. The diverse portfolio of companies receiving backing spans various sectors, highlighting OpenAI's strategic interest in advancing AI technologies across multiple industries.

Elon Musk's AI Company xAI Acquires 1 Million-Square-Foot Property in Memphis Δ1.79

xAI, Elon Musk’s AI company, has acquired a 1 million-square-foot property in Southwest Memphis to expand its AI data center footprint, according to a press release from the Memphis Chamber of Commerce. The new land will host infrastructure to complement xAI’s existing Memphis data center. "xAI’s acquisition of this property ensures we’ll remain at the forefront of AI innovation, right here in Memphis," xAI senior site manager Brent Mayo said in a statement.

Ai Stocks on Wall Street's Radar Right Now Face Efficiency Concerns Amid Strong Earnings Δ1.78

NVIDIA Corporation's (NASDAQ:NVDA) recent earnings report showed significant growth, but the company's AI business is facing challenges due to efficiency concerns. Despite this, investors remain optimistic about the future of AI stocks, including NVIDIA. The company's strong earnings are expected to drive further growth in the sector.