Nvidia (NVDA) Stock: Plans Up to $1 Billion Investment in AI Coding Startup Poolside
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Nvidia (NVDA) stock: plans up to $1 billion investment in AI coding startup Poolside. Nvidia is investing up to $1 billion in AI coding startup Poolside, potentially quadrupling the French company's valuation to $12 billion. * Nvidia is planning to invest up to $1 billion in Poolside, a French AI startup that develops coding automation tools * The investment could quadruple Poolside's valuation to around $12 billion as part of a $2 billion funding round * Poolside previously received backing from Nvidia in its $500 million Series B round in October 2024 * Nvidia briefly hit a $5 trillion market cap on Wednesday before falling 2% on Thursday * Analysts maintain a Strong Buy rating on NVDA stock with a price target implying 14.81% upside potential Nvidia is reportedly planning to invest as much as $1 billion in Poolside, a French AI startup focused on coding automation. The move marks the second time Nvidia has backed the company in less than a year. According to Bloomberg News, the investment could quadruple Poolside's valuation. The startup is currently in talks to raise $2 billion at a pre-money valuation of $12 billion. Nvidia's contribution is expected to start at around $500 million. The investment could rise to $1 billion if Poolside reaches its full fundraising goals. Poolside has already secured over $1 billion in commitments. About $700 million of that total...
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Poolside recently announced plans to build one of the largest data centers in the U.S.
