NVIDIA INVESTS $1.5B MORE IN SOFTBANK'S SB ENERGY

Nvidia Corp. is acquiring another $1.5 billion in shares of SB Energy Inc., a data center operator owned by SoftBank Group Corp., as the company prepares for its initial public offering in the United States. The purchase reflects Nvidia's growing interest in securing reliable power and cooling infrastructure for AI and data center operations. SB Energy operates renewable energy facilities and data centers globally, positioning it as a critical partner for companies scaling AI workloads. SoftBank-backed SB Energy has emerged as a key player in the data center sector, meeting surging demand from enterprises and cloud providers deploying large language models and other AI applications. The company's infrastructure is essential as power consumption from AI training and inference continues to escalate. Nvidia's expanded commitment signals confidence in SB Energy's market position and growth trajectory. The timing of the investment—ahead of the IPO—allows Nvidia to increase its stake before the company goes public, potentially at favorable terms compared to post-IPO share prices.