Nvidia Stock Week Ahead: NVDA Nears Record as AI Deals and Inflation Data Test the Rally

IREN inks AI infrastructure deal with Nvidia

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Data center operator IREN announced a partnership with semiconductor giant Nvidia on Thursday. IREN shares were volatile after news broke, but climbed 6% Friday. Nvidia and IREN will deploy up to 5 gigawatts of the chip maker’s DSX-branded infrastructure designs intended to power artificial intelligence workloads throughout the Australian firm’s data center facilities across the world. Th…

Nvidia Stock Week Ahead: NVDA Nears Record as AI Deals and Inflation Data Test the Rally

Nvidia closed Friday at $215.20, just below its record, after announcing AI infrastructure deals with IREN and Corning. IREN granted Nvidia rights to buy up to $2.1 billion in shares and signed a $3.4 billion AI cloud contract. Nvidia also prepaid Corning billions to boost optical-fiber output. Investors await Nvidia’s May 20 earnings as the stock nears an all-time high. The post Nvidia Stock Week Ahead: NVDA Nears Record as AI Deals and Inflati…