Key Stats for Nvidia Stock
- Price change for Nvidia stock Today: -0.4%
- $NVDA Share Price as of Mar. 9: $178
- 52-Week High: $212
- $NVDA Stock Price Target: $265
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What Happened?
Nvidia stock (NVDA) ticked lower on Monday after the chip giant joined a massive $2 billion funding round for Nscale, an AI data center startup that’s quickly becoming a major player in the infrastructure boom.
The Series C round valued the UK-based company at $14.6 billion. Aker ASA and 8090 Industries led the investment, with participation from heavyweight names such as Citadel, Dell, Lenovo, Nokia, and Point72, as well as Nvidia.
Founded just two years ago in 2024, Nscale has raised an enormous amount of capital in a short time. The company secured a $1.1 billion Series B in September and a $1.4 billion loan in February.
A source familiar with the deal claimed that the latest valuation more than doubled what Nscale achieved in the Series B round.
The fresh funding will help Nscale expand its vertically integrated AI infrastructure across Europe, North America, and Asia. The company develops everything from GPU compute and networking to data services and orchestration software.
Nscale CEO Josh Payne echoed comments often made by Nvidia CEO Jensen Huang, calling the AI boom “the largest infrastructure buildout in human history.”
He added that Nscale is “building the foundation that the market sits on, the engine of superintelligence.”
The startup already operates data centers in the UK, US, Norway, Portugal, and Iceland.
It recently announced an expanded partnership with Microsoft worth $14 billion and partnered with OpenAI over the summer to launch a Stargate-branded AI data center in Norway.
Nscale also added three high-profile directors to its board: former Meta COO Sheryl Sandberg, former UK deputy prime minister Nick Clegg, and former Yahoo President Susan Decker.
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What the Market Is Telling Us About Nvidia Stock
Nvidia stock is mostly flat in last few months but has gone up by almost 60% in last 12 months, reflects investor confidence that the AI infrastructure buildout will continue driving demand for Nvidia’s chips and technology.
By investing in Nscale, Nvidia is positioning itself deeper in the supply chain while supporting a customer that will likely purchase significant amounts of its GPUs.
Nscale’s rapid rise and eye-popping fundraising numbers underscore the massive capital flowing into AI infrastructure.
The company confirmed it’s eyeing an IPO, which could provide another catalyst for Nvidia stock if successful.
With Nvidia stock still trading around 20% below its 52-week high despite strong fundamentals, investors appear to view the current price as attractive for a company at the center of the AI revolution.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
