Nvidia to invest up to $3 billion in Stargate data centre developer

Nvidia will invest up to $3 billion in power infrastructure developer Lancium, the company behind the Stargate data centre campus in Texas. The chipmaker will invest an initial $2 billion for a ‌stake of ⁠roughly ⁠20% in Lancium, which is backed by Blackstone, according to the report. Nvidia could invest an additional $1 billion if the company meets certain thresholds, including grid hookups, the report said, citing people familiar with the matter. Under the deal, ⁠Lancium and ‌its portfolio of land and power connections have an enterprise value of ⁠around $10 billion, according to the Information. The capital is expected to help Lancium expand its operations as it explores a potential initial public offering in 2027. Do you think that Nvidia investment is more of spreading risk of its business ?