Overview
- Nvidia launched Nemotron 3 Super on March 11, a 120‑billion‑parameter open model with 12 billion active parameters designed to power complex agentic AI systems.
- The company has publicly committed over $36 billion to partners and suppliers, including a reported $30 billion to OpenAI plus $2 billion each to Nebius, Lumentum and Coherent, signaling a balance‑sheet push to influence the AI data‑center ecosystem.
- CEO Jensen Huang told investors that compute demand is accelerating at an agentic‑AI inflection point and projected annual data‑center spending could reach $3 trillion to $4 trillion by 2030.
- Key suppliers are surging: Micron reported Q1 fiscal 2026 revenue of $13.6 billion, up 56% year over year on HBM momentum, while Broadcom’s AI semiconductor revenue hit $8.4 billion, up 106%, with a target of $100 billion annually by 2027.
- Investor flows reflect the bottleneck trade, with 13F filings showing billionaires David Tepper and Michael Platt trimming Nvidia stakes while adding Micron positions.