NVIDIA Corporation has doubled its investment in data center and power infrastructure firm SB Energy to $3 billion. The chipmaker added $1.5 billion through a prepaid forward contract for non-voting common stock.
This arrangement prices the shares at a 10% discount to the future initial public offering (IPO) price. The investment follows speculation that SB Energy may delay its public debut.
NVIDIA is securing the power and infrastructure necessary for massive AI computational demands. The move aims to ensure supply chain stability for critical infrastructure.