Nvidia's stock experienced fluctuations after securing a significant deal with British data center operator Nscale, which will supply around 200,000 AI processors for Microsoft in Europe and the U.S., including a major project in Texas. The company is also involved in a $40 billion acquisition of Aligned Data Centers and received an upgrade from HSBC, which raised its price target to $320, reflecting optimism about Nvidia's growth in AI processing markets.
Microsoft plans to expand its cloud computing capacity by partnering with Nscale to develop a new data center in Portugal, enhancing its infrastructure in Europe.
The UK’s AI ambitions are heavily reliant on a young start-up, Nscale, led by Australian entrepreneur Josh Payne, which has yet to build a data centre but has secured major investments and partnerships with industry giants like Nvidia, Microsoft, and OpenAI, raising questions about the company's actual capabilities and the true scale of the UK’s AI infrastructure plans.
