Nvidia Stock Rises. This New Customer Has Big Spending Plans. -- Barrons.com

Dow Jones03-30 18:27

By Adam Clark

Nvidia shares were gaining on Monday. The chip maker is set to benefit from artificial-intelligence company Mistral AI's plan to build a data center stuffed with its processors.

Nvidia was up 0.9% at $169.02 in premarket trading. The stock is down 10% this year so far.

Mistral AI said Monday it had raised $830 million from a consortium of banks in its first debt-financing operation. The French company said the funds will finance a new data center near Paris with 13,800 Nvidia GB300 graphics-processing units.

Mistral didn't give financial details of its purchases, and Nvidia doesn't give individual pricing for chips. However, HSBC estimates a GB300 NVL72 rack containing 72 of Nvidia's GPUs costs $3 million. Based on that, Mistral's data center could represent around $575 million worth of Nvidia chips.

The announcement contributes to continued hefty spending on AI hardware. According to Omdia, global spending on cloud infrastructure services reached $110.9 billion in the fourth quarter of 2025, reflecting year-over-year growth of 29%. Omdia forecasts that spending will grow by 27% this year.

Among other chip makers, Broadcom was up 0.2% in premarket trading and Advanced Micro Devices was gaining 0.6%.

Write to Adam Clark at adam.clark@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

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March 30, 2026 06:27 ET (10:27 GMT)

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