• In September 2025, NVIDIA announced a £2 billion commitment to boost the UK's AI startup ecosystem, alongside the launch of large-scale GPU deployments with partners such as Nscale and CoreWeave, and a new collaboration with Intel to co-develop data center and PC solutions connecting their respective computing architectures.

• This wave of AI infrastructure investment and next-generation quantum computing partnerships signals an accelerated push to anchor NVIDIA's hardware and platforms at the core of global artificial intelligence and computing development.

• We'll explore how NVIDIA's massive UK investment and its deepening partnerships, including work with Intel, influence its future investment narrative.

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NVIDIA Investment Narrative Recap

For investors, the core NVIDIA thesis centers on the company’s leadership in AI hardware, full-stack platforms, and accelerating infrastructure demand driven by massive global adoption of advanced AI. The recently announced £2 billion UK investment solidifies NVIDIA’s ecosystem reach and may reinforce its near-term momentum, but the most pressing risk of custom silicon competition from hyperscalers and large enterprises does not appear materially reduced by this specific news.

The formation of joint ventures such as the Nscale-led UK AI supercomputer project with Microsoft and OpenAI, built on NVIDIA’s latest GPUs, highlights robust demand for the company’s data center solutions, a major current growth catalyst. In this context, such deployments spotlight NVIDIA’s ability to deepen customer lock-in and recurring software revenues, even as customers consider in-house silicon alternatives.

But amid headline-grabbing investments, investors should not overlook the growing trend of hyperscale and enterprise customers developing their own custom chips, a risk that could significantly shape...

Read the full narrative on NVIDIA (it's free!)

NVIDIA's narrative projects $337.2 billion revenue and $187.9 billion earnings by 2028. This requires 26.8% yearly revenue growth and a $101.3 billion earnings increase from $86.6 billion today.

Uncover how NVIDIA's forecasts yield a $209.19 fair value, a 18% upside to its current price.

Exploring Other Perspectives

Fair value estimates for NVIDIA from 430 Simply Wall St Community members range widely from US$90.15 to US$341.12 per share. While growth catalysts appear strong, contentions around customer self-sufficiency could reshape expectations, consider exploring multiple perspectives on what drives fair value for this stock.