Locator: 49392AI_DEAL.
An investor group, including BlackRock and Nvidia, will buy Aligned Data Centers from Macquarie Asset Management in a deal worth $40 billion, the companies said on Wednesday, as AI infrastructure expansion powers on.
The deal underscores an intensifying race to expand the costly, supply-constrained infrastructure required to develop artificial intelligence technology, as companies rush to build sophisticated AI models.
The acquisition follows a slew of mega-deals focused on securing coveted compute capacity. ChatGPT creator OpenAI has in recent weeks unveiled agreements totaling about 26 gigawatts of computing capacity, enough to power roughly 20 million U.S. homes.
The investment consortium, dubbed the Artificial Intelligence Infrastructure Partnership (AIP), has an initial target of deploying $30 billion of equity capital, with the potential of reaching $100 billion, including debt.
NVDA's p/e: an incredible 51.44. Are you kidding me?
Link here. Nvidia / NVAD history:
So, where is Aligned Data Centers headquartered? Just up the street from where we live -- Plano, TX.
Wow.
****************************
AAPL
Apple's China shipments boosted by iPhone 17. All versions now approved by Chinese regulators for sale in China.
BRK-B:
