Overview
- Nvidia said it secured rights to invest up to $3.2 billion in Corning and up to $2.1 billion in IREN, pairing equity with multiyear supply and deployment plans.
- Corning will boost U.S. optical connectivity output by 10x and expand fiber capacity by more than 50%, adding three plants in North Carolina and Texas that are expected to create about 3,000 jobs.
- The IREN pact targets up to 5 gigawatts of Nvidia DSX AI infrastructure across a global data center pipeline, framing these sites as “AI factories” that bundle chips, networking, power and cooling.
- These agreements push Nvidia’s 2026 commitments past roughly $40 billion as it funds suppliers and customers to anchor its hardware and software stack, a strategy critics say can blur how much demand is organic.
- Goldman Sachs now expects a beat-and-raise when Nvidia reports on May 20, even as hyperscalers expand custom silicon like Google TPUs and Amazon Trainium and deployment bottlenecks shift toward power, cooling and optics.