Nvidia GB300 Chips Power Multibillion-Dollar Google Cloud Deal, Drive Index Rally
Nvidia shares extended gains as the Philadelphia Semiconductor Index climbed 4.32% for an 18th straight day, driving record highs in the S&P 500 and Nasdaq. Nvidia’s latest GB300 AI chips secured placement in a multibillion-dollar Google Cloud deal with Thinking Machines Lab alongside Anthropic and Meta.
1. Sector Rally Propels Nvidia Gains
Nvidia stock extended its winning streak as the Philadelphia Semiconductor Index climbed 4.32% for its 18th straight day, pushing the S&P 500 and Nasdaq to record highs. The chipmaker outperformed many peers in an AI-driven market rally that underscores strong investor demand for high-performance computing hardware.
2. TML Deal Validates Nvidia GB300 Adoption
Thinking Machines Lab signed a multibillion-dollar agreement with Google Cloud to access Nvidia’s latest GB300 AI chips, making it one of the first startups to deploy the hardware. This deal places Nvidia alongside leading AI firms such as Anthropic and Meta, highlighting accelerating enterprise adoption of its advanced GPU technology.