Legendary trader slams billion dollar Nvidia GPU deal for AI push [Yahoo! Finance]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance
Crypto miner turned AI infrastructure firm IREN (NASDAQ: IREN) is ramping up its ambitions in artificial intelligence. On March 5, IREN announced the expansion of its equity fundraising capacity while purchasing a new fleet of Nvidia (NASDAQ: NVDA) GPUs. However, the strategy is already drawing scrutiny from one of Wall Street's most well-known skeptics. Related: What is Bitcoin mining? Explained IREN ramps up AI expansion with massive GPU order As part of its aggressive expansion strategy, IREN announced on March 4 that it had agreed to purchase more than 50,000 Nvidia B300 GPUs. The new order will increase the company's AI computing capacity by roughly 50%, bringing its total fleet to around 150,000 GPUs by the end of 2026. Graphics processing units, or GPUs, are specialized chips designed to perform large volumes of parallel computations, making them essential for training and running modern artificial intelligence models. The company said the newly acquired chips
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NVDA
News
- Coherent, Lumentum, and AAOI Jump in Premarket Trading Wednesday [Yahoo! Finance]Yahoo! Finance
- This AI Stock is Now Nvidia's Biggest Holding. Is it a Buy? [Yahoo! Finance]Yahoo! Finance
- Nvidia's Earnings Prove Why It's Earned Its Spot [Seeking Alpha]Seeking Alpha
- Nvidia stops making China-bound AI chips: Report [Yahoo! Finance]Yahoo! Finance
- Nvidia Is Probably Done Investing in OpenAI and Anthropic, Says CEO—Why? [Yahoo! Finance]Yahoo! Finance
NVDA
Earnings
- 2/25/26 - Beat
NVDA
Sec Filings
- 3/4/26 - Form 4
- 3/4/26 - Form 4
- 3/4/26 - Form 4
- NVDA's page on the SEC website