Nvidia Expands Global Reach, Collaborates With Singtel for AI-Driven Data Centers in Southeast Asia
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NASDAQ:NVDA) partners with Singapore Telecommunications to integrate AI capabilities into Southeast Asian data centers. Singtel will offer access to Nvidia's GPUs, enhancing AI services for clients. Nvidia, facing U.S. sanctions in China, is expanding globally and is in talks with SK Hynix and Samsung Electronics (OTC:SSNLF) for HBM supply. Analysts see a $1 trillion AI opportunity for Nvidia. Singtel aims for net-zero emissions by 2028 and is expanding in Southeast Asia and Japan. NVDA shares fell 2.07% to $614.81.
January 31, 2024 | 6:46 pm
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POSITIVE IMPACT
Nvidia's partnership with Singtel for AI data centers in Southeast Asia could boost demand for its GPUs, despite a recent 2.07% drop in share price.
The partnership with Singtel is likely to increase demand for Nvidia's GPUs in a growing market, which could have a positive impact on NVDA's stock in the short term. However, the current global chip shortage and U.S. sanctions in China may temper gains.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Samsung Electronics may benefit from Nvidia's need for HBM supply, as Nvidia is in talks with Samsung for procurement.
Nvidia's discussions with Samsung for HBM supply indicate a potential increase in business for Samsung. However, the impact on SSNLF's stock price may be moderated by the broader market conditions and the fact that Samsung is a large conglomerate with diverse revenue streams.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70