Nvidia shares rose 3% premarket Monday after the U.S.–Iran peace deal, despite a 10% year-to-date gain trailing the semiconductor benchmark’s 97% surge. Kazakhstan pledged up to $10 billion for a 100,000-unit Nvidia GPU cluster, while ByteDance negotiates 50,000 AI chips from Iluvatar CoreX and Baidu.
On Monday, Nvidia shares climbed 3% in premarket trading after news of a U.S.–Iran peace agreement eased geopolitical risks, though the stock’s 10% year-to-date gain remains well below the 97% rise in the semiconductor benchmark.
The Kazakhstani government committed up to $10 billion to build a large-scale computing complex deploying 100,000 of Nvidia’s latest-generation GB300 and Vera Rubin GPUs, aiming to establish one of the world’s largest AI clusters.
Separately, ByteDance is in discussions to acquire 50,000 AI chips from domestic Chinese manufacturers Iluvatar CoreX and Baidu, reflecting efforts by Chinese tech firms to source alternatives as local GPU suppliers capture 41% of the country’s accelerator server market.
Benzinga
