NVIDIA (NVDA) Strikes $2.36B AI Data Center Deal With Malaysia’s YTL Power
NVIDIA Corporation (NASDAQ:NVDA) ranks among the best stocks to buy for the next 6 months. On July 29, NVIDIA Corporation (NASDAQ:NVDA) and YTL Power International Bhd have inked a strategic collaboration deal worth RM10 billion ($2.36 billion) to use NVIDIA’s high-performance graphics processing units to build AI data centers.
According to Investment, Trade, and Industry Minister Tengju Zafrul, the agreement also calls for the creation of a sovereign large language model for Malaysia. Additionally, NVIDIA Corporation (NASDAQ:NVDA) and YTL will reportedly work with suppliers, local contractors, and technology partners to develop an AI ecosystem for the country.
Prior to this arrangement, YTL and NVIDIA Corporation (NASDAQ:NVDA) announced plans to invest $4.3 billion in supercomputer and cloud infrastructure for artificial intelligence in Malaysia back in December 2023.
NVIDIA Corporation (NASDAQ:NVDA), a world leader in networking and graphics processing, provides GPUs for the AI, gaming, HPC, and other industries. The company’s products span data centers, gaming, professional visualization, and the automotive markets.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
Disclosure: None.
Content Original Link:
" target="_blank">
