AI Daily: Foxconn-Nvidia supercomputing center ready by first half of 2026

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

SUPERCOMPUTING CENTER: A $1.4B supercomputing center Foxconn (HNHPF) is building with Nvidia (NVDA) will be ready by the first half of 2026, and when complete will be Taiwan’s largest advanced GPU cluster, Neo Yao, CEO of a new unit Foxconn has established for AI supercomputing and cloud operations called Visonbay.ai, says, Reuters’ Wen-Yee Lee reports. The 27-megawatt data center will be powered by Nvidia’s new Blackwell GB300 chips and is also set to be Asia’s first GB300 AI data center, according to the executive.

BULLISH ON NVIDIA: Raymond James analyst Simon Leopold resumed coverage of Nvidia (NVDA) with a Strong Buy rating and $272 price target. As the leader in accelerated and AI computing, the company benefits directly from a multi-year build-out of “AI factories” and data-center-scale platforms, the analyst tells investors in a research note. With hundreds of millions of installed GPUs, more than six million developers, and deep integration into enterprise and sovereign AI initiatives worldwide, Nvidia is uniquely positioned at the center of what it calls the “AI industrial revolution,” where data is the raw material and digital intelligence is the output, the firm added.

POWER TRADING: Meta Platforms (META) is venturing into electricity trading to accelerate the construction of new U.S. power plants vital to its AI ambitions, Bloomberg’s Josh Saul, Riley Griffin, and Naureen S. Malik report. The company’s head of global energy, Urvi Parekh, says trading electricity will give Meta the flexibility to enter longer contracts, which plant developers need to secure investment. Plant developers “want to know that the consumers of power are willing to put skin in the game,” Parekh said in an interview. “Without Meta taking a more active voice in the need to expand the amount of power that’s on the system, it’s not happening as quickly as we would like.”

AI SUPERCOMPUTERS: The U.S. DOE is accelerating its approach to equipping national labs with AI supercomputers by working with Nvidia (NVDA), AMD (AMD), and Oracle (ORCL), which will pay some of the costs, The New York Times’ Don Clark reports.