1. NVIDIA Corporation (NASDAQ:NVDA)
On May 7, 2026, NVIDIA Corporation (NASDAQ:NVDA) and Iren announced a strategic partnership aimed at accelerating the deployment of next-generation AI infrastructure. Under the agreement, the companies plan to support the deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across Iren’s data center pipeline over time. The companies said they will collaborate on deploying NVIDIA accelerated computing within DSX AI factories to expand access for AI-native startups and enterprise customers. As part of the agreement, Iren granted NVIDIA a five-year right to purchase up to 30 million ordinary shares at an exercise price of $70 per share, representing a potential investment of up to $2.1B.
NVIDIA Corporation (NASDAQ:NVDA) and Iren said future deployments are expected to center around Iren’s 2-gigawatt Sweetwater campus in Texas, which is expected to serve as a flagship deployment site for NVIDIA’s DSX architecture. The companies added that the partnership combines NVIDIA’s AI factory architecture with Iren’s expertise in power, land, data centers, GPU deployment, and infrastructure operations.
On May 6, 2026, NVIDIA Corporation (NASDAQ:NVDA) and Corning Incorporated announced a multiyear commercial and technology partnership focused on expanding U.S.-based manufacturing of optical connectivity products used in AI infrastructure. Corning said it plans to increase domestic optical connectivity manufacturing capacity by 10x and expand U.S. fiber production capacity by more than 50% to meet demand from AI infrastructure buildouts. The expansion includes three new manufacturing facilities in North Carolina and Texas and is expected to create more than 3,000 jobs. NVIDIA founder and CEO Jensen Huang said AI is driving what he described as the largest infrastructure buildout in modern history and highlighted the partnership’s role in strengthening U.S. manufacturing and supply chains.
Last month, NVIDIA Corporation (NASDAQ:NVDA) also introduced NVIDIA Ising, a family of open-source quantum AI models designed to help researchers and enterprises develop quantum processors capable of supporting practical applications. The company said the models are intended to improve quantum error correction and calibration while integrating with the NVIDIA CUDA-Q hybrid quantum-classical computing platform and NVQLink QPU-GPU hardware interconnect.
NVIDIA Corporation (NASDAQ:NVDA) operates as a data center-scale AI infrastructure company through its Compute & Networking and Graphics segments.
While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about the cheapest AI stock.
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