Nvidia Strikes $2 Billion AI Chip Deal With Kazakhstan

This article first appeared on GuruFocus.

Nvidia (NASDAQ:NVDA) is taking its AI hardware global this time to Kazakhstan. The chip giant just signed a $2 billion agreement to provide the country with its cutting-edge AI accelerators as part of a broader digital push across Central Asia.

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The deal, announced through the U.S. Commerce Department, will see Nvidia teaming up with OpenAI (OPENAI), Freedom Holding Corporation, and Kazakhstan's digital ministry to help build out the nation's AI infrastructure.

For Nvidia, it's another sign that demand for its chips isn't slowing down even outside traditional tech hubs. And for Kazakhstan, the partnership marks a major leap toward becoming a regional AI powerhouse, with the government betting big on digital transformation.

CEO Jensen Huang has made it clear he sees AI as a global race and this deal shows Nvidia wants to be at the center of it everywhere.

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