Nvidia Corp (NVDA) Lands AI Infrastructure Deals in South Korea

Nvidia Corp (NASDAQ:NVDA) is one of billionaire Ken Fisher’s top high growth stock picks. Nvidia shares have gained more than 10% year-to-date and soared more than 45% over the past year. Analysts expect the stock to keep rising, forecasting nearly 50% upside to the current price.

Nvidia Corp (NVDA) Lands AI Infrastructure Deals in South Korea

On June 7, Nvidia Corp (NASDAQ:NVDA) announced a large AI infrastructure deal with Naver, a South Korean technology company. Naver plans to expand its AI computing capacity with Nvidia-based systems. Naver will use Nvidia’s DSX infrastructure platform to build AI factories. These are AI-focused data center facilities designed to run all kinds of AI workloads, from model training to inference operations.

The project will start with a 55-megawatt facility at Naver’s GAK Sejong data center, and Nvidia said it could grow to gigawatt-scale over time.

According to Nvidia, this project also supports a growing demand for sovereign AI platforms. Governments and businesses want AI systems built on local infrastructure. Nvidia offers hardware and software solutions needed to build sovereign AI platforms.

Notably, the Naver deal fits into Nvidia’s broader push across South Korea. During a recent visit by Nvidia CEO Jensen Huang, Nvidia announced AI infrastructure partnerships with several major Korean companies, including SK Telecom and SK Hynix.

Nvidia Corp (NASDAQ:NVDA) develops graphics processing units and other types of semiconductor chips with broad applications. Nvidia chips are widely used in data centers to power AI and high-performance computing workloads.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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