Nvidia Announces Minimum $100M Investment In UK Supercomputer: Reuters

  • NVIDIA Corp NVDA CEO Jensen Huang aims to dedicate a minimum of $100 million to U.K. Cambridge-1 supercomputer, Reuters reports.
  • Earlier in October, Nvidia planned to incur about $51.7 million on the project.
  • “Cambridge-1, that supercomputing center is, call it a $100 million, just as a starting point,” Huang said at The Six Five summit.
  • Recently Huang expressed optimism over regulatory approval for its hugely debated $40 billion SoftBank Group Corp’s SFTBY SFTBF Arm acquisition deal.
  • Qualcomm Inc QCOM CEO Cristiano Amon recently expressed interest in acquiring a stake in Arm, lest the Nvidia deal fell flat.
  • Jefferies maintained a Buy rating on the stock and raised its price target from $740 to $854.
  • Price action: NVDA shares closed higher by 4.76% at $746.29 on Thursday.


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