NVIDIA (NVDA) is Partnering with Australian startup Firmus Technologies Ltd., Reports Bloomberg

NVIDIA Corporation (NASDAQ:NVDA) is one of the Most Promising AI Stocks to Buy Right Now. On October 16, Bloomberg reported that NVIDIA Corporation (NASDAQ:NVDA) is partnering with Australian startup Firmus Technologies Ltd. in a bid to create a massive fleet of renewable energy-powered AI data centers throughout the country. The construction is in progress on 2 data centers in Melbourne and Tasmania for Project Southgate, which is A$4.5 billion ($2.9 billion) undertaking utilising 150 megawatts of power.NVIDIA (NVDA) is Partnering with Australian startup Firmus Technologies Ltd., Reports Bloomberg

The facilities would use NVIDIA Corporation (NASDAQ:NVDA)’s GB300 chips and are anticipated to come online by April, noted Bloomberg. Earlier, in September 2025, OpenAI and NVIDIA Corporation (NASDAQ:NVDA) announced a letter of intent for the landmark strategic partnership. Notably, NVIDIA Corporation (NASDAQ:NVDA) plans to invest up to $100 billion in OpenAI progressively as each gigawatt gets deployed.

Polen Capital, an investment management company, released its Q3 2025 investor letter. Here is what the fund said:

“In early August we initiated positions in both NVIDIA Corporation (NASDAQ:NVDA) and Broadcom, after having not owned either company over the past 2½ years following the initial wave of enthusiasm around Gen AI. While we have long admired both companies, their highly cyclical business models have made it extremely difficult to forecast future earnings growth with any degree of conviction. Given our approach of seeking durable and persistent earnings growth that compounds over long holding periods, our concern in holding either was that we would be forced to endure a punishing downcycle within our typical holding period – there is very little room that in a concentrated portfolio of 20-30 companies. In fact, pre ChatGPT, NVIDIA had two punishing down cycles over the preceding five years.

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Disclosure: None. This article is originally published at Insider Monkey.

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