- NVIDIA Corp (NASDAQ:NVDA) CEO Jensen Huang aims to dedicate a minimum of $100 million to U.K. Cambridge-1 supercomputer, Reuters reports.
- Earlier in October, Nvidia planned to incur about $51.7 million on the project.
- “Cambridge-1, that supercomputing center is, call it a $100 million, just as a starting point,” Huang said at The Six Five summit.
- Recently Huang expressed optimism over regulatory approval for its hugely debated $40 billion SoftBank Group Corp’s (OTC:SFTBY) (OTC:SFTBF) Arm acquisition deal.
- Qualcomm Inc (NASDAQ:QCOM) CEO Cristiano Amon recently expressed interest in acquiring a stake in Arm, lest the Nvidia deal fell flat.
- Jefferies maintained a Buy rating on the stock and raised its price target from $740 to $854.
- Price action: NVDA shares closed higher by 4.76% at $746.29 on the last check Thursday.
New Fortress Energy Reports Executed Term Loan Facility Secured By 8 Co. Vessels For Initial Amount Of $430M, Up To $725M
New Fortress Energy Inc. (NASDAQ:NFE) (“New Fortress” or the “Company”) announced today that it has executed a term loan facility secured by eight Company vessels (the “Shipping
