Nvidia has set the release date of its earnings for Q3 of fiscal year 2026 as November 19. The company’s results will, to some degree, reflect the state of the AI industry as a whole, as Nvidia is at the center of it.

The extent of Nvidia’s dominance in the AI space can be measured by its secured orders, and Jensen Huang stated that the company has already secured half a trillion dollars in orders for its AI chips over the next five quarters, according to The Financial Times.

The company recently held its GTC conference in Washington, D.C., where it revealed many AI-related developments. However, new projects continue to be launched at an unprecedented pace.

Nvidia CEO and founder Jensen Huang is building “modern versions of factories.”

Nvidia

Deutsche Telekom and Nvidia launch Industrial AI Cloud

Nvidia (NVDA) and Deutsche Telekom are building a €1 billion ($1.2 billion) data center in Germany, which is set to be operational in early 2026, according to a report by Bloomberg.

The companies describe the project as the Industrial AI Cloud, a sovereign, enterprise-grade platform. The new platform combines Deutsche Telekom’s infrastructure and operations with Nvidia AI and Omniverse digital twin platforms. 

Nvidia founder and CEO Jensen Huang said:

According to the company, this isn’t just a cloud. Nvidia sees it as a new kind of factory, producing digital intelligence to power Germany’s industries.

“In the future, in industry 4.0, with AI, every company that’s a manufacturing company will have two factories, the factory for the car, and the factory for the AI that drives the car,” Huang said.

The platform is based on Nvidia hardware, including DGX B200 systems and RTX PRO Servers. The software stack includes Nvidia AI Enterprise and Nvidia Omniverse, which are integrated into Deutsche Telekom’s cloud and network ecosystem, coupled with SAP’s Business Technology Platform.

Bank of America raises NVDA price target

Bank of America analyst Vivek Arya and his team recently raised their NVDA price target.

The team said they think Nvidia can continue to maintain its strong mid-70s gross margins, based on the strength of its products, and because it has strong co-design and volume support from multiple memory suppliers. 

In a research note shared with TheStreet, Arya reiterated a buy rating and raised the target price from $235 to $275, based on 44 multiple his estimate for price-to-earnings ratio excluding cash for calendar year 2026, which is within Nvidia’s historical forward-year price-to-earnings range of 25 to 56. 

He concluded by saying that the multiple is “justified by [Nvidia] ‘s leading share in fast-growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming market, and concerns around access to power.”

Arya’s team noted downside risk factors for Nvidia:

  • Weakness in the consumer-driven gaming market
  • Competition with major public firms
  • Larger-than-expected impact from restrictions on compute shipments to China
  • Lumpy and unpredictable sales in new enterprise, data center, and auto markets
  • Potential for decelerating capital returns
  • Enhanced government scrutiny of Nvidia’s dominant market position in AI chips

Nvidia news from APEC summit

Nvidia shared at the APEC summit that it will expand South Korea’s AI infrastructure with over a quarter-million Nvidia GPUs across its sovereign clouds and AI factories. South Korea’s Ministry of Science and ICT (MSIT) plans to deploy up to 50,000 of the latest Nvidia GPUs.

The initial deployment will consist of 13,000 Nvidia Blackwell GPUs and other GPUs by Nvidia Cloud Partner NAVER Cloud, in collaboration with NHN Cloud and Kakao Corp.

The company also unveiled plans with Samsung Electronics to build a new AI factory. The AI factory will combine Samsung’s semiconductor technologies with Nvidia’s platforms to lay the groundwork for AI-driven production.

More than 50,000 Nvidia GPUs will power Samsung’s semiconductor AI factory. It is intended to integrate accelerated computing directly into advanced chip manufacturing.

Nvidia is expanding its partnership with Hyundai Motor Group to accelerate innovation in autonomous vehicles, smart factories, and robotics with a new Nvidia Blackwell-powered AI factory.

The companies will co-develop AI capabilities for mobility solutions, a next-generation smart factory, and on-device semiconductor advancements.

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