OVO Energy & Nvidia

OVO Energy: OVO Energy is the developer and operator of the data center, receiving $1.5 billion investment from Nvidia. It will build at least 10 GW of new power generation and invest $4.2 billion in grid infrastructure.

Nvidia: Nvidia is the primary financier and exclusive chip provider, providing up to $105 billion in guarantees and investing $1.5 billion in OVO Energy. This deal secures long-term demand for its chips and could generate up to $600 billion in revenue from OpenAI by 2030.

OVO Energy: OnyxPoint established a new position in OVO Energy, a geothermal energy provider, reflecting interest in alternative energy.

Nvidia: Nvidia is part of the Roundhill Magnificent Seven ETF and a key semiconductor name; Tiger Global cut its holdings, reflecting reduced institutional exposure to AI-related stocks.

OVO Energy: OVO Energy, a portfolio company of SoftBank Group, was preparing for a potential US listing, contributing to the surge in SoftBank's shares.

Nvidia: Nvidia>>>'s earnings results contributed to gains in Nubank>>>, further supporting SoftBank Group>>>'s valuation.