Nvidia Strikes Deal To Power Qatari Telecom Company's Data Centers In First Large-Scale Deployment In Middle East
Portfolio Pulse from Shanthi Rexaline
Nvidia has signed a deal with Ooredoo, a Qatari telecom company, to provide AI technology to data centers in five Middle Eastern countries. This marks Nvidia's first large-scale deployment in the region, despite U.S. export curbs. Ooredoo aims to become the leading digital infrastructure provider in the Middle East and North Africa.
June 24, 2024 | 7:26 am
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Nvidia has signed a significant deal with Ooredoo to provide AI technology to data centers in five Middle Eastern countries. This partnership marks Nvidia's first large-scale deployment in the region and aligns with Ooredoo's strategy to become the leading digital infrastructure provider in MENA.
The deal with Ooredoo signifies Nvidia's expansion into the Middle Eastern market, which could drive revenue growth and strengthen its position in the AI technology sector. Despite recent stock price declines, this partnership is a positive development for Nvidia's long-term prospects.
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