NVIDIA Corporation (NVDA) Partners with Deutsche Telekom on 1B Data Center Project in Europe

NVIDIA Corporation (NASDAQ:NVDA) is one of the must-buy US stocks to buy now. On October 27, reports emerged indicating NVIDIA Corporation (NASDAQ:NVDA) is partnering with Deutsche Telekom AG on a €1 billion data center project in Germany. The project aims to use 10,000 advanced graphics processing units.

The construction is part of the company’s push to develop more infrastructure to power artificial intelligence systems across Europe. SAP SE is on course to become one of the biggest customers of the $1.2 billion project.

NVIDIA’s push for the billion-dollar data center project comes as policymakers across Europe increasingly call for the region to develop its own AI systems to catch up with the US and China. It also comes on the heels of Nvidia’s CEO, Jensen Huang, criticizing the area for being too slow to develop its own infrastructure. Likewise, the €1 billion data center project is still a fraction of the gigawatt-sized projects announced worldwide.

NVIDIA Corporation (NASDAQ:NVDA) is a technology giant that designs and manufactures specialized computer chips, particularly graphics processing units (GPUs). The company also develops platforms for data centers, gaming, professional visualization, and automotive markets.

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