South Korea's LG CNS to Spend ₩381.4 Billion (approximately $275.3 Million) on Nvidia Next-Gen GPUs to Lead AI Factory Race — BigGo Finance

IBM's Anderon received a $1B U.S. award for quantum wafer R&D, with IBM investing another $1B. IQM Quantum Computers signed a deal for its first South American quantum computer. IonQ and Nvidia tested generative AI for quantum optimization. D-Wave plans to showcase its annealing and gate-model systems. Oracle added post-quantum cryptography to Java 27.

Snap Inc. (SNAP) shares rose 4% in extended trading after announcing partnerships with Salesforce (CRM), Nvidia (NVDA), and Amazon Web Services (AMZN) for its augmented reality glasses, SPECS, aimed at enterprise use. The partnerships will integrate AI capabilities for field service, remote support, and retail work. Snap did not disclose financial terms. SPECS, priced at $2,195, will begin shipping in the fall. Snap closed at $250.54, down 1.89% on the day.

Nvidia (NVDA) opened its NVLink Fusion interconnect to d-Matrix, a Microsoft (MSFT)-backed startup, allowing its chips to integrate with Nvidia systems. This move could help Nvidia collect fees on networking and switches even if competitors supply GPUs. Nvidia's data-center revenue grew 138% YoY to $40.31B last quarter, with total revenue at $96.22B, up 105.8% YoY. However, if d-Matrix's Raptor chips prove more efficient, hyperscalers may shift inference workloads, potentially reducing Nvidia's

GMI Cloud, an Nvidia partner, seeks a $300M loan to purchase chips for its Thai facility, with Tencent as the end user. The deal, still in discussions, would offer low-teens yields. This follows a recent NT$13.9B loan for a Taiwan project. Banks and private credit funds are expanding into chip financing for AI. Nvidia, Tencent, and STT GDC declined to comment.

Nvidia CEO Jensen Huang predicts 70% growth next year, potentially exceeding 100% without supply constraints. Q2 revenue was $96.22 billion, up 106% YoY, with data center sales up 117%. Nvidia expects Q3 revenue of $108 billion. Analysts see significant upside, with a consensus price target of $326.09, implying 50% upside.

Yotta Data Services, backed by Hiranandani Group, ordered 80,000 Nvidia Vera Rubin GPUs for two new data centers in India, investing $12 billion. The order includes 40,000 Vera Rubin GPUs and 40,000 Blackwell Ultra GPUs, adding 200 megawatts of capacity. Yotta aims to dominate India's AI compute market, with CEO Sunil Gupta stating the company already holds a majority share of installed GPU capacity.