In a bold strategic move, Nvidia has signed a $2 billion agreement to supply advanced AI chips to Kazakhstan, as the Central Asian nation officially launches a new Ministry of Artificial Intelligence and intensifies its push to become a regional technology and innovation hub.
The landmark deal underscores Nvidia’s continued global expansion into emerging markets, even as the company faces significant financial headwinds.
Over the past three days alone, Nvidia’s stock has plunged, erasing $450 billion in market capitalization amid a sweeping selloff across the tech sector.
Despite this volatility, the partnership with Kazakhstan signals the chipmaker’s long-term confidence in the global demand for AI infrastructure, and its determination to secure footholds in new economies positioning themselves at the forefront of the AI revolution.
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