Together AI Leverages NVIDIA-Powered GPUs as It Eyes $7.5B Valuation in New Round

We recently compiled a list of the 11 Best Kid-Friendly Stocks to Invest In. NVIDIA Corporation (NASDAQ:NVDA) is one of the best kid-friendly stocks on our list.

TheFly reported on March 6 that Cloud infrastructure startup Together AI, which provides computing capacity powered by chips from NVIDIA Corporation (NASDAQ:NVDA), is reportedly negotiating a new financing round that could bring in about $1B. The discussions value the company at roughly $7.5B before the investment is completed.If the deal is completed, the company’s value would more than double from its valuation just a year ago. Together, AI gives AI developers access to powerful GPU servers so they can create and execute sophisticated models. Strong investor interest in infrastructure providers enabling the quick growth of artificial intelligence workloads is reflected in the possible investment round.

Furthermore, NVIDIA Corporation (NASDAQ:NVDA) reported extraordinarily outstanding performance in its financial results for the fourth quarter that concluded on January 25, 2026, which were disclosed on February 25. The company’s quarterly sales was $68.1 billion, up 20% from the previous quarter and 73% over the same time last year. NVDA’s total revenue for the fiscal year 2026 was $215.9 billion, a 65% yearly increase.

Additionally, the report demonstrates that the company’s profitability continued to be strong, with quarterly gross margins on both GAAP and non-GAAP basis reaching roughly 75%. For the quarter, earnings per diluted share were $1.76 under GAAP and $1.62 under non-GAAP. The company’s diluted EPS for the entire fiscal year was $4.90 GAAP and $4.77 non-GAAP, indicating robust growth fueled by the growing demand for AI computing infrastructure worldwide.

NVIDIA Corporation (NASDAQ:NVDA) designs graphics processing units (GPUs) and computing platforms used in gaming, data centers, artificial intelligence, and autonomous systems.

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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