Nvidia (NVDA) and Deutsche Telekom (DTEGY) are getting ready to announce plans for a EUR1B data center in Germany as part of broader efforts to establish more AI infrastructure across Europe, Bloomberg’s Eyk Henning, Jillian Deutsch, and Christina Kyriasoglou report. Both firms will contribute funding for the $1.2B project, with SAP (SAP) serving as a customer of the facility, the authors say, citing people familiar with the plans.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia, Deutsche Telekom planning EUR1B data center in Germany, Bloomberg says
- Qualcomm(QCOM) Could Net $2B from AI Chip Deployment Deal with Saudi Arabia’s Humain
- This Is What Wall Street Will Focus On when MSFT, GOOGL, META, and AMZN Report Earnings
- AMD Stock Edges Higher on $1B Supercomputing Project with U.S. Energy Department
- Midday Fly By: Novartis to buy Avidity, Keurig Dr Pepper beats expectations
