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AI Chips Update - AlphaTON Invests $82.5M In Nvidia-Powered AI Expansion
Reviewed by Simply Wall St
AlphaTON Capital has announced a strategic investment of $82.5 million to acquire and deploy a high-performance GPU cluster featuring over 1,000 Nvidia B200 GPUs. This initiative supports Telegram's Cocoon AI, a privacy-preserving decentralized AI network, and positions AlphaTON as a significant compute provider. The investment aligns with efforts to foster user data sovereignty and environmentally responsible AI development. This move highlights a broader trend toward democratizing AI access by providing an alternative to the centralized services offered by leading technology corporations.
- NVIDIA (NasdaqGS:NVDA) last closed at $180.26 up 1.4%.
Elsewhere in the market, Hon. Precision (TWSE:7769) was trading firmly up 12.4% and finishing the session at NT$2,940.00, not far from its 52-week high. In the meantime, SK hynix (KOSE:A000660) lagged, down 2.6% to finish the session at ₩530,000.
Best AI Chip Stocks
- Advanced Micro Devices (NasdaqGS:AMD) closed at $214.24 up 3.9%.
- Broadcom (NasdaqGS:AVGO) finished trading at $397.57 up 3.3%, close to the 52-week high.
- Micron Technology (NasdaqGS:MU) settled at $230.26 up 2.6%. Three days ago, the company urged shareholders to vote against a proposal that would allow owners of 10% of the stock to call special meetings.
Next Steps
- Click through to start exploring the rest of the 65 AI Chip Stocks including Jentech Precision Industrial, Tower Semiconductor and Analog Devices now.
- Ready To Venture Into Other Investment Styles? Rare earth metals are the new gold rush. Find out which 35 stocks are leading the charge.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:NVDA
NVIDIA
A computing infrastructure company, provides graphics and compute and networking solutions in the United States, Singapore, Taiwan, China, Hong Kong, and internationally.
Exceptional growth potential with flawless balance sheet.
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