Nvidia's CEO, Jensen Huang, recognizes the potential of the Indian market and expects it to become one of the world's largest. The Indian AI market is projected to reach $14 billion by 2030, sparking competition among local tech firms. Nvidia, given its trade issues with China, may have found an ideal alternative market in India. Improved US-India relations suggest that Nvidia is focusing on the Indian market, potentially establishing a strong, long-term presence in the region. Nvidia is also considering expansion into the Japanese market.
Key takeaways:
- India has placed a major new AI GPU order with Nvidia, expected to be valued over half a billion dollars, for its Yotta data center operator. The order includes 16,000 units of Nvidia H100 and GH200 AI GPUs, set to be delivered by March 2025.
- Yotta has previously placed another order of 16,000 GPUs, bringing the total valuation of these orders to cross the billion-dollar mark, making Yotta one of Nvidia’s “esteemed” clients.
- The Indian AI market is projected to reach $14 billion by 2030, sparking a competitive race among local tech giants to tap into the AI sector. This signifies a significant stride toward realizing India’s potential as a technology hub in the future.
- Given Nvidia’s unfavorable trade situation with China, the American chipmaker may have found an alternative region to sell its AI products in India. With improved diplomatic relations between the US and India, Nvidia is directing its attention towards the Indian market, indicating a potentially promising future for their business endeavors in the region.