Daily Scoop🍨: Nvidia (NVDA) Commits $500 Billion To Build AI Supercomputers 🚀💪🔥✍️🎉❤️
Nvidia and AMD just planted their flags firmly on U.S. soil. President lit up Truth Social this week with a post that read: “NVIDIA (NVDA) COMMITS 500 BILLION DOLLARS TO BUILD A.I. SUPERCOMPUTERS, PLUS, IN THE UNITED STATES, EXCLUSIVELY. This is very big and exciting news.”
Nvidia (NVDA) on Monday said it will produce up to $500 billion of AI infrastructure in the US within the next four years as the tech industry looks to bolster its domestic manufacturing footprint in the face of Trump's approach to trade policy and desire to onshore more US heavy industry.
As part of this $500 billion commitment to the AI supply chain, Nvidia said it is building two new supercomputer manufacturing plants in Texas in partnership with contract manufacturers Foxconn (2354.TW) and Wistron (3231.TW).
Nvidia expects to mass-produce supercomputers at those sites in 12 to 15 months. The chipmaker said its latest Blackwell AI chips are already in production at TSMC's (TSM) plant in Phoenix.
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