Nvidia Is Not Just Selling AI Chips: Its Latest Deals Show Where The Next Growth Wave May Come From

• Nvidia is moving beyond GPUs, betting on the infrastructure and startups driving the next phase of AI.

• Cloverleaf adds another data center bet, with Nvidia taking a minority stake to accelerate AI factory development.

• Rebellions could deepen Nvidia’s inference push, with Bloomberg reporting talks over a potential deal.

Nvidia (NVDA) is increasingly doing more than selling the chips powering the artificial intelligence boom. On Friday, the company announced a strategic partnership with Cloverleaf Infrastructure to accelerate AI data center development and backed a $250 million funding round for AI data center startup Starcloud.

The announcements came alongside reports of Nvidia’s potential moves elsewhere in the AI ecosystem. Bloomberg reported Friday that Nvidia is in talks with South Korean AI chip startup Rebellions about a potential deal, while Newcomer reported that the company struck a multibillion-dollar agreement with AI startup Poolside.

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According to BMO Capital, Nvidia’s potential upside doesn’t lie in its leadership alone, but also in being a ‘leading supporter’ of the AI ecosystem. In a note to investors cited by TheFly, the firm initiated coverage of Nvidia with a price target of $340 and an ‘Outperform’ rating. 

NVDA stock edged 0.2% lower in midday…