Nvidia Eyes Future Tech: Secures High-Bandwidth Memory For 2025, Invests In AI Chatbot Developer Kore.ai
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NVDA) is negotiating with SK Hynix for High Bandwidth Memory (HBM) for Q1 2025, following a previous agreement with Samsung Electronics (SSNLF) for HBM3 to meet AI demand. Nvidia secured 2024 HBM supply with billion-dollar payments to SK Hynix and Micron Technology (MU). Additionally, Nvidia invested in AI chatbot developer Kore.ai's $150 million funding round, continuing its focus on AI startups that use its chips. Kore.ai, which is planning an IPO, has experienced triple-digit revenue growth and manages 450 million daily interactions. NVDA shares were up 0.44% at $627.82.
January 30, 2024 | 5:12 pm
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Micron Technology has secured a billion-dollar payment from Nvidia for HBM supply for 2024 GPUs, indicating a strong business relationship and potential revenue growth.
The billion-dollar payment from Nvidia to Micron for HBM supply suggests a significant revenue opportunity for Micron. This deal may positively impact Micron's financials and could lead to a short-term uptick in its stock price as the market reacts to this positive development.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Nvidia is securing HBM supply for 2025 and investing in AI startups like Kore.ai, indicating a strategic focus on AI and future technologies.
Nvidia's proactive measures to secure HBM for future products and its continued investment in AI startups demonstrate a strong commitment to growth in the AI sector, which is likely to positively influence investor sentiment and potentially increase stock value in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Samsung Electronics has agreed to provide Nvidia with the newer generation of memory HBM3 to support the surging AI demand.
Samsung's agreement to supply HBM3 to Nvidia highlights its role in supporting Nvidia's AI ambitions. This partnership may have a positive short-term impact on Samsung's stock as it reinforces Samsung's position in the memory market and its relationship with a leading AI technology company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50