US Stock Market Move | NVIDIA Corporation (NVDA.US) rose more than 6%, planning a "renovation of old buildings" data center with a scale of 1 gigawatt.

On Friday, NVIDIA Corporation (NVDA.US) rose more than 6% to $193.72. On the news front, according to reports, two people directly familiar with the matter revealed that NVIDIA Corporation has approached private equity giant Apollo Global Management on this matter, planning to build a distributed network of small AI data centers across as many as 20 U.S. states using the existing buildings of a struggling telecom company. This Tuesday's gubernatorial election results have put new data center construction plans in multiple states at risk of potential moratoriums, and renovating existing buildings is expected to help NVIDIA Corporation and its customers avoid some upcoming regulatory restrictions. The people familiar with the matter said NVIDIA Corporation has identified the target assets: the usable power contained in more than 130 buildings under Apollo-owned broadband internet service provider Brightspeed totals approximately 1 gigawatt, enough to support the operation of NVIDIA Corporation Vera Rubin chip systems worth tens of billions of dollars. NVIDIA Corporation insiders characterize this proposed network as an "inference network," meaning its primary purpose is to run existing AI models rather than train new ones.