NVDA Secures $1B AI Chip Deal In India ๐คฉ
Managed to secure 50% gain at open and 110% profit from mid day recovery โ ๏ธ Looking to dip buy NVDA again between 539.6 to 543.5 on Friday should PPI disappoint market sentiments. Check out at how the buy back from Thursdayโs CPI and you get the drift ๐
550-551 being a strong magnet ๐งฒ
This new order follows a previous purchase by Yotta of about 16,000 H100 chips from Nvidia, scheduled for delivery by July of this year.
These deals are especially vital for Nvidia as the company navigates through U.S. export restrictions affecting chip sales to China and other countries.
Nvidia's presence in the Indian market is further strengthened by AI partnerships with major Indian conglomerates like Reliance Industries and Tata Group, focusing on cloud infrastructure, language models, and generative AI applications.
Yotta, a part of Indian billionaire Niranjan Hiranandani's group, collaborates closely with Nvidia in India and operates three data center campuses in Mumbai, Gujarat, and near New Delhi.
The increasing demand for storage and processing in India has attracted global tech giants like Microsoft Corp (NASDAQ: MSFT), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, and Amazon.Com Inc (NASDAQ: AMZN) to expand their cloud and data center investments in the region.
Yotta's growing investment in AI infrastructure aligns with India's ambitious AI goals, which are estimated to reach $14 billion by 2030. Gupta emphasized the necessity of this infrastructure for India's AI ambitions at the Vibrant Gujarat Global Summit.
At the summit, Shankar Trivedi, a senior Nvidia executive, announced that Yotta is establishing an AI data center in Gujarat International Finance Tec-City, which will likely be operational by March.
India could be a crucial market for Nvidia, which is presently struggling with norms set by U.S. semiconductor sanctions on China, a significant market for chip designers.
The embargo could cost severely, with Chinese cloud companies sourcing about 80% of high-end AI chips from Nvidia, curtailing orders by 50%-60% within five years.
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