• NVIDIA recently announced a wave of alliances in South Korea and beyond, including multi‑year deals with SK hynix, SK Telecom, NAVER and LG, alongside the rollout of its Vera Rubin and DSX platforms for full‑stack AI “factories” now ramping into large‑scale production.
• Taken together, these moves position NVIDIA not just as a chip supplier but as a core architect of gigawatt‑scale AI infrastructure spanning compute, memory, networking and software across multiple regions and industries.
• We’ll now examine how NVIDIA’s deepened partnerships to build gigawatt‑scale AI factories, particularly in Korea, reshape and reinforce its investment narrative.

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NVIDIA Investment Narrative Recap

If you own NVIDIA, you’re essentially betting that AI “factories” become core digital infrastructure worldwide and that NVIDIA’s full‑stack approach across chips, networking, software and systems keeps it central to that build‑out. The new South Korean alliances around gigawatt‑scale AI factories and memory supply look supportive of that thesis, and they also matter for the key near term swing factors: how quickly Rubin and DSX deployments ramp, and how NVIDIA manages supply, power and export‑control risks.

Among the recent news, NAVER’s decision to build sovereign AI infrastructure on NVIDIA’s DSX platform is especially relevant. It shows how DSX and Vera Rubin are being used not just for one‑off clusters, but as blueprints for large, long‑lived AI factories tied to national and enterprise AI strategies. That kind of deployment speaks directly to the main catalyst many investors are watching: whether hyperscalers, telcos and regional champions actually standardize on NVIDIA’s reference stacks for their largest next‑generation data center builds.

Yet, investors should also weigh how quickly rising power and infrastructure constraints could cap the very AI factory growth story they are counting on...

NVIDIA's narrative projects $676.2 billion revenue and $363.6 billion earnings by 2029.

Uncover how NVIDIA's forecasts yield a $296.81 fair value, a 43% upside to its current price.

Exploring Other Perspectives

Some of the most cautious analysts were already assuming revenue growth of about 20% a year and earnings of roughly US$185.6 billion by 2029, so if you worry more about power, export controls or hyperscalers building custom chips than about upside surprises, their more pessimistic framing may feel closer to how you see the stock after this news.

Explore 201 other fair value estimates on NVIDIA - why the stock might be worth as much as 66% more than the current price!

Reach Your Own Conclusion

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your NVIDIA research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
• Our free NVIDIA research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NVIDIA's overall financial health at a glance.

No Opportunity In NVIDIA?

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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.