Nvidia Seeks to Expand Beyond Major Tech Companies

On May 18th, NVIDIA (NVDA.O) is aiming to decrease its dependence on large tech companies. It is seeking to form new partnerships in order to sell its AI chips to national states, corporate groups, and those challenging groups like Microsoft, Amazon, and Google. This week, NVIDIA announced a multi-billion-dollar US chip deal with Humain in Saudi Arabia. Meanwhile, the UAE disclosed plans to cooperate with the US government to build one of the world's largest data centers. These "sovereign AI" transactions play a crucial role in NVIDIA's strategy to attract customers outside of Silicon Valley. NVIDIA executives, industry insiders, and analysts stated that the $3.2 trillion chipmaker intends to expand its business beyond mega-scale enterprises. NVIDIA mentioned that large cloud computing groups account for more than half of its data center revenue and are actively providing support to potential competitors of Amazon Web Services, Microsoft Azure, and Google Cloud. This includes promoting "neoclouds" such as CoreWeave, Nebius, Crusoe, and Lambda to become part of its expanding "NVIDIA Cloud Partners" network. (Jinse)