Valar Atomics Partners With NVIDIA (NVDA) To Develop Data Center in Utah, Reuters Reports
Noor Ul Ain Rehman
1 min read
NVIDIA Corporation (NASDAQ:NVDA) is one of the best long-term growth stocks to invest in now. Reuters reported on July 1 that Valar Atomics announced on Wednesday a partnership with NVIDIA Corporation (NASDAQ:NVDA) for the development of a small data center in Utah, which, according to the companies' claims, will show how computing facilities needed for AI can conserve water. Valar Atomics is a nuclear power startup based in California, and announced the partnership at the site of its small nuclear plant, called a microreactor. Reuters further reported that the company also ran a demonstration powering Nvidia's Blackwell, which is its latest AI chip architecture for data centers, marking the first time a small reactor powered a data center, according to the companies.
John Josephakis, an NVIDIA Corporation (NASDAQ:NVDA) global vice president, stated that through the partnership with Valar Atomics, the company is "exploring how behind-the-meter, waterless advanced nuclear systems could support future AI factories built for the scale and reliability accelerated computing requires".
NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
Disclosure: None. Follow Insider Monkey on Google News.
Comments 0
Leave a Reply
Your email address will not be published. Required fields are marked *
Business & Finance
Explore AllIs JetBlue Airways Corporation (JBLU) among the 12 Best Quality Stocks to Buy and Hold for the Next Decade?
Boeing Rises On 737 MAX Assembly Line, Joining Aerospace Liftoff
52 minutes agoMortgage and refinance rates today, Monday, July 6: Purchase rates currently higher than refinance rates
8 hours agoBattered oil major nabs Wolfe buy recommendation
34 minutes agoSusquehanna Lifts PT on Applied Materials (AMAT) – Here’s Why
1 hour agoWhats New
View All
A New ‘Fourth Wing’ Strategy Board Game Features Exclusive Character Artwork and Fan-Selected Creative Elements
YouTubers Help Feds Uncover $65 Million Elder Fraud Scheme as 30 Defendants Charged
Battered oil major nabs Wolfe buy recommendation
Lauren Bennett, ‘Party Rock Anthem’ Singer and G.R.L. Member, Dies at 37
Charlie Kirk's family attends hearing for suspect charged with his murder
‘Succession’ Duo Peter Friedman and David Rasche Reunite in Short Film ‘Elderwood’ (EXCLUSIVE)
Boeing Rises On 737 MAX Assembly Line, Joining Aerospace Liftoff
Save Up To 80% Off Digital Games In Fanatical’s Red Hot Sale
Here’s What’s Going On With Marvel’s Blade And Its Developer Amid Xbox “Reset”