SpaceX Seeks $40 Billion to Buy Nvidia AI Chips

IREN Ltd. (IREN) stock surged after Anthropic reportedly signed a multi-year cloud contract, adding to its growing customer base. Anthropic aims to expand AI computing capacity significantly, with IREN benefiting from faster data-center deployment. Analysts upgraded IREN, citing rising AI demand and higher contract pricing, with price targets up to $80. IREN shares rose 4.46% premarket.

Nvidia (NVDA) is in early talks to invest more or acquire Reflection AI, according to the Financial Times. Nvidia has already invested $800 million in the startup, which focuses on automating software development. Nvidia's stock has risen 21% in the last 6 months, with a price target of $329. The company reported $96 billion in revenue for the latest quarter and expects 70% revenue growth in fiscal 2028.

Nvidia (NVDA) is reportedly considering acquiring or further investing in Reflection AI, a startup developing open-weight AI models. Options include full acquisition, acqui-hire, or increased equity stake. Nvidia has already invested $800 million in Reflection, which was valued at $25 billion in April. Reflection's Beam model competes with Chinese alternatives in coding and reasoning tasks.

Nvidia is in early talks to acquire or further invest in Reflection AI, a startup developing open-weight AI models. Nvidia already holds a significant stake in Reflection, having invested $800 million. Potential deal structures include an acqui-hire, chip supply agreements, or increasing equity stake. Reflection's Beam model competes in coding tasks and is valued at $25 billion. Nvidia has recently made large transactions in the AI sector, including a $13 billion deal for Hugging Face.

Nvidia is reportedly in early talks to acquire or increase its stake in Reflection AI, an open-source AI startup. Nvidia is already a major investor, having put in $800m. Reflection AI was last valued at $25bn. Potential outcomes include full acquisition, additional investment, or an acqui-hire. No final agreement has been reached. Reflection AI develops open-weight models and partners with US agencies and countries like South Korea. Nvidia previously acquired Hugging Face for $13bn.

Nvidia is reportedly in early-stage talks to acquire or further invest in Reflection AI, according to the Financial Times. Options include an acqui-hire, supplying more chips, or increasing its stake. Nvidia has already invested $800m in the startup. Reflection, founded by ex-Google DeepMind researchers, released its first model, Beam, in October. The Trump administration hopes Reflection will compete with Chinese open models.