Nvidia Shares Jump Nearly 4% After SpaceX Names Chipmaker Its Exclusive AI Hardware Provider

Reuters reports Nvidia plans to invest up to $3 billion in Lancium, the developer of the Stargate data center campus in Texas. Nvidia would initially put in $2 billion for about a 20% stake, with up to $1 billion more tied to grid hookup thresholds. Lancium’s enterprise value is cited near $10 billion. Stargate involves SoftBank, OpenAI and Oracle.

Naver said Q2 consolidated revenue rose 16.2% to 3.39 trillion won, while operating profit fell 0.2% to 520.3 billion won, as AI infrastructure spending offset gains. Naver reported advertising and commerce growth, with AI-driven ad optimization contributing over 60% of ad growth. It plans an AI Factory with Nvidia, starting 55MW in H1 2027 and scaling to 200MW in 2028, targeting gigawatt scale, with Nvidia investing about $1B and Brookfield up to $9B.

Wall Street rose after the U.S. jobs report showed employers cut 23,000 jobs in July, surprising markets and pushing Treasury yields lower. The S&P 500 gained 0.6% to 7,757.64, the Dow rose 0.3% to 54,036.93, and the Nasdaq climbed 1.3% to 26,690.62. Nvidia and Broadcom rose, and Airbnb jumped 17.4% after results. Brent crude rose 1.3% to $83.55.

Firmus, a private AI-infrastructure operator, secured commitments for a $2 billion equity raise backed by Nvidia (NVDA), Blackstone (BX), Coatue and Jane Street, nearly doubling its valuation to over $10.5 billion in four months. The funds will accelerate Project Southgate and Asia-Pacific expansion, including a planned 360 MW AI factory in Indonesia. Firmus also has a $10 billion debt facility led by Blackstone and Coatue.

AP reports US stocks rose and Treasury yields fell after employers cut 23,000 jobs in the latest month, with June and May payrolls revised down by 103,000. The S&P 500 gained 0.6%, Dow 0.3%, Nasdaq 1.3%. The 10-year yield fell to 4.64%. Nvidia and Broadcom rose; Airbnb jumped 15.5% after results. Brent rose 1.3% to $83.55.

At FMS 2026, NVIDIA said it is open-sourcing cuFile APIs, moving them to a neutral GitHub org with Google, Intel, and Meta as co-maintainers. NVIDIA also outlined Storage-Next, a coalition of 40+ storage vendors, and cited internal benchmarks: BlueField-4 STX’s Vera CPU up to 3.21x higher throughput and prior claims up to 5x token throughput.