Nvidia to Build Seven Supercomputers for US Department of Energy, Worth $500 Billion in AI Chip Bookings

Strategic Insights -

Nvidia, a leading artificial intelligence (AI) chip company, has announced plans to build seven new supercomputers for the United States Department of Energy (DOE). In a keynote address at the company's GTC event in Washington, DC, CEO Jensen Huang stated that the company has $500 billion in bookings for its AI chips. This deal is significant as Nvidia will help the US maintain and develop its nuclear weapons arsenal, as well as research alternative energy sources such as nuclear fusion.

Key Takeaways:

  • Nvidia will build seven new supercomputers for the US Department of Energy, worth $500 billion in AI chip bookings over the next five quarters.
  • The company's largest supercomputer for the DOE will be built with Oracle and contain 100,000 of Nvidia's Blackwell chips.
  • Nvidia has also announced new deals with Finnish telecom equipment maker Nokia to target the AI communications market, with a $1 billion investment for a 2.9% stake in the company.
  • The company has $500 billion in bookings for its Blackwell and Rubin chips over the next five quarters, and has also announced a partnership with Palantir Technologies to enhance the speed of solving logistics problems for companies.
  • Nvidia has announced a new self-driving car technology platform called Hyperion, and is partnering with Uber to create a network of robotaxis.
  • These announcements demonstrate Nvidia's ability to extend its reach beyond its core data centre customers and create new markets for the company.

Statistics:

  • $500 billion: Nvidia's bookings for its AI chips over the next five quarters
  • 100,000: The number of Nvidia's Blackwell chips that will be used in the largest supercomputer for the DOE
  • $1 billion: Nvidia's investment in Nokia for a 2.9% stake
  • $197.82: The price of Nvidia shares after the announcement
  • 20.86%: The increase in Nokia's shares after the announcement
  • 3.3%: The increase in Nvidia's shares on Tuesday afternoon

Sources:

  • (Nvidia CEO Jensen Huang, keynote address at GTC event in Washington, DC)
  • (Nvidia press release announcing new deals with Nokia and Palantir Technologies)
  • (Nvidia press release announcing new self-driving car technology platform called Hyperion)