Nvidia plans $20B European investment push as CEO visits Sweden

Nvidia will announce multi-billion-dollar investments in Europe next week, totaling approximately $20 billion, according to Bloomberg, as CEO Jensen Huang visits several countries including Sweden. At an event in Paris, Huang said the company will announce $2 billion in investments, separate from the $8 billion already invested in Europe over the past year. He emphasized that Europe must join the AI race and advocated for open-source models as a cost-effective, adaptable option for the region. Huang's European tour includes London and Stockholm, where he will participate in activities on Thursday. Nvidia is currently the world's most valuable listed company, with a market capitalization of $5.475 trillion.