Nvidia to Power Nuclear AI Factories, Boosts Memory Demand and ETF Highs
Through a collaboration with Oklo Inc and Los Alamos National Laboratory, Nvidia will supply AI accelerators for nuclear-powered factories in Los Alamos, California. This demand for its high-bandwidth memory contributed to SK Hynix’s 37.61 trillion won operating profit and helped drive the VanEck Semiconductor ETF past a record $488.
1. Nvidia-Oklo Partnership
Nvidia will partner with Oklo Inc and Los Alamos National Laboratory to build nuclear-powered AI factories in Los Alamos, California. The collaboration will leverage Oklo’s small modular reactor technology to power data centers equipped with Nvidia AI accelerators, creating a novel low-carbon infrastructure for AI workloads.
2. Surge in High-Bandwidth Memory
Nvidia accelerators contributed to SK Hynix’s quarterly operating profit of 37.61 trillion won on sales of 52.58 trillion won, driven by high-bandwidth memory demand. Management expects HBM supply to remain tight over the next three years as AI growth sustains elevated pricing and prioritizes supply security.
3. ETF Record Highs Driven by Nvidia
Boosted by Nvidia’s stock performance, the VanEck Semiconductor ETF rose 2.1% to $487.08 and reached a record high of $488.08. The ETF has climbed 35% year-to-date and 143% over 12 months, with Nvidia as a top holding and a 14-day RSI of 80 signaling an overbought condition.