‘I’m Going to Invest Here,’ Says Nvidia (NVDA) CEO about the UK

Nvidia (NVDA) CEO Jensen Huang praised the UK on Monday and pledged to increase investment in its artificial intelligence sector. Speaking on a panel with British Prime Minister Keir Starmer and Investment Minister Poppy Gustafsson, Huang said that the UK is in a “Goldilocks circumstance” for AI development. He explained that building AI supercomputers in the country will naturally attract more startups. “It’s such an incredible place to invest. I’m going to invest here,” Huang added.

Huang also highlighted the UK’s strong AI ecosystem by noting its world-class AI talent and innovative startups, such as DeepMind, Wayve, Synthesia, and ElevenLabs. However, he pointed out that one key piece is missing: a homegrown, sovereign AI infrastructure. To help address this, Nvidia announced a new UK sovereign AI industry forum on Monday. In addition, cloud providers Nscale and Nebius (NBIS) committed to building new facilities in the UK, powered by Nvidia’s Blackwell GPU chips.

It is worth noting that the UK has been positioning itself as a future leader in AI under Starmer’s growth-driven agenda. In January, Starmer introduced a bold plan to expand the country’s AI sector, which includes relaxing planning rules for data centers and aiming to increase the UK’s computing power twenty-fold by 2030. As a result, Huang’s comments and Nvidia’s new commitments indicate that confidence is growing in the UK’s ability to become a global AI hub.

What Is a Good Price for NVDA?

Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 35 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $172.36 per share implies 20.8% upside potential.

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