Nvidia announced a new partnership with eight Australian data center and cloud providers to expand AI computing infrastructure across the country. The companies involved include Firmus, Sharon AI, IREN, ResetData, Megaport, CDC, NextDC, and AirTrunk.
NVDA stock opened at $223.67 on Thursday. The stock sits between its 52-week low of $164.27 and high of $236.54, with a market cap of $5.39 trillion.
The goal of the Australia partnership is to build out up to 2 gigawatts of AI computing capacity by 2027. The infrastructure will be powered by Nvidia’s DSX platform, with partner companies handling land, power, and data center space across several generations of DSX AI factories.
Nvidia will supply the DSX platform, accelerated computing technology, networking, software, and additional support. The partner companies will operate the AI factories themselves.
The announcement comes as Australia pushes to become a global hub for data center investment. The country is also facing growing pressure around energy and water usage tied to data center expansion.
Despite the international push, the U.S. still accounts for nearly 70% of Nvidia’s total revenue from fiscal 2026. Australia represents part of a broader effort to grow its footprint outside its core market.
Nvidia reported Q2 earnings on August 26th. Revenue hit $96.22 billion, up 105.9% versus the same quarter last year, and well above the $92.27 billion analyst estimate.
EPS came in at $2.22, beating the consensus of $2.09 by $0.13. A year ago, Nvidia posted EPS of $1.05 for the same period.
Net margin stands at 63.66%, and return on equity is 96.04%. Analysts now expect full-year EPS of $9.10 for the current fiscal year.
Nvidia also announced an $80 billion share repurchase program, authorized on May 20th. Investors of record on September 10th will receive a quarterly dividend of $0.25 per share, paid October 1st.
On the analyst side, Benchmark has a Buy rating with a $335 price target. Robert W. Baird has an Outperform rating with a $500 target. The overall consensus across 55 analysts is “Moderate Buy,” with an average price target of $324.34.
Orange Investment Advisors trimmed its NVDA position by 10.5% in Q2, selling 19,594 shares but still holding 166,403 shares worth around $33.3 million.
On the insider side, EVP Timothy Teter sold 30,000 shares on August 31st at $217.88 per share, totaling $6.54 million. Director Mark Stevens sold over one million shares across two separate transactions worth around $235.6 million combined.
Over the past three months, insiders sold a total of 2,585,740 shares worth approximately $571 million.
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