Bloomberg Reporting Nvidia Partner SMC Raising $950M to Tap AI Server Boom
Portfolio Pulse from charles@benzinga.com
Nvidia's partner, SMC, is raising $950 million to capitalize on the growing demand for AI servers. This move is expected to benefit Nvidia as it strengthens its position in the AI hardware market.
July 25, 2024 | 11:16 am
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Nvidia's partner, SMC, is raising $950 million to capitalize on the growing demand for AI servers. This move is expected to benefit Nvidia as it strengthens its position in the AI hardware market.
SMC's significant capital raise indicates strong demand and growth potential in the AI server market, which directly benefits Nvidia as a key player in AI hardware. This partnership and the influx of capital are likely to drive Nvidia's revenue and market position upwards.
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