Germany to announce AI partnership with Nvidia next week, sources say

Tech analyst Dan Ives maintained an Outperform rating on Nvidia (NVDA) with a $300 price target, citing strong AI chip demand and a 70% revenue growth forecast for 2028. NVDA shares are down 0.5% premarket, trading at $216.26, 47.3% below its GF Value™ of $410.37, indicating undervaluation. The company's GF Score™ is 95, reflecting strong financial health and growth potential.

CoreWeave's stock rose 5.9% to $69.69 after a co-founder mentioned fundraising efforts. Its 5-year debt default risk surged to 1,194.5 basis points, with a 60% default probability in 5 years, per Bloomberg. Global AI infrastructure spending concerns weighed on semiconductor stocks, with the PHLX Semiconductor Index down 9% this week.

Nvidia launched RTX Spark laptops on Friday, designed to run AI agents locally. These laptops use a superchip combining a Blackwell RTX graphics chip and a Grace processor, offering up to 128GB of memory and 1 petaflop of AI performance. Nvidia also released Nemotron 3.5 Bolt, a 74B-parameter AI model, and partnered with Adobe, Microsoft, and MediaTek. Prices start at $2,599, with models from ASUS, Dell, HP, Lenovo, Microsoft, and MSI.

Taiwan plans a $4B Texas industrial park to support AI hardware production, aiding Nvidia's supply chain. The project aims to help Taiwanese vendors like TSM and Foxconn establish U.S. operations. Quanta and Wistron have also announced U.S. investments. Taiwan's economy minister noted $20B in planned U.S. investments, separate from TSMC's $265B Arizona expansion.

Nvidia launched the RTX Spark laptop and DevBox mini desktop globally, developed with Microsoft. The devices run AI models locally, enhancing privacy and performance. They support multitasking across software like Photoshop and Gmail, and include features for creators and developers. Pricing starts at $2,599. Nvidia aims to accelerate the agent AI era, with the products available through major retailers.

NVIDIA's RTX Spark laptops, priced at $2,599, are now available globally from six major PC makers. The laptops feature NVIDIA's Grace CPU and Blackwell RTX superchip, challenging Intel and AMD in the processor market. This expansion into mainstream Windows laptops could open a new recurring revenue stream for NVIDIA, complementing its data center GPU sales.