XMax has signed a five-year computing services agreement with Singapore-based DSH Hyper that gives it access to a cluster of up to 512 Nvidia Blackwell Ultra B300 GPUs deployed in Korea through kt cloud infrastructure, with service starting October 29 on 480 GPUs. XMax says businesses supported by the project could generate more than $100 million in cumulative revenue over five years. Its SEC filing shows scheduled service charges of roughly $122.5 million over the 60-month term, along with an approximately $8.2 million standby letter of credit and a roughly $2.1 million setup fee due November 6. The longer-term commitment remains subject to board approval and delivery of security documents by November 17. The company previously operated as a contemporary furniture distributor before expanding into AI software and services.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Nvidiadata centerscloud computingartificial intelligence
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.64 |
| Change that session | -4.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Blockmate Ventures enters AI compute market with NVIDIA B200 GPU investment
Blockmate Ventures has signed a binding agreement with Scannit Inc. to acquire its first NVIDIA B200 AI compute node, featuring eight GPUs, for about US$635,000 on a turnkey basis including shipping, data centre setup, installation, network connectivity and onboarding. The purchase marks a shift from a venture builder toward owning AI infrastructure, with revenue generated by renting capacity to AI developers and businesses through a specialist operating partner. Delivery is expected in the first quarter of 2027, subject to vendor timing and NVIDIA allocation, and commissioning should take about one week. Blockmate is expected to receive the majority of gross revenue over an initial 36-month management term. The first deployment is intended as a test of the operating model, to gather data on customer demand, utilisation, rental pricing, uptime, and hosting and power costs.
- Blockmate Enters AI Neocloud Market with Acquisition of NVIDIA B200 Compute Node
Blockmate Ventures has agreed to acquire its first NVIDIA B200 compute node, with eight GPUs, from Scannit Inc. for a turnkey price of approximately US$635,000, marking its entry into the AI neocloud market. Blockmate will own the hardware while Scannit hosts, operates and sells the compute capacity from a U.S. data centre, and Blockmate will receive the majority of gross revenue during an initial 36-month management term. Delivery is currently expected in Q1 2027, and the company views the node as a test deployment to gather data on demand, utilisation, pricing and costs before considering larger configurations. The acquisition is expected to be funded by existing cash and debt, including a proposed secured loan from Carosa Corporation B.V., a company controlled by Founder and Chairman Domenic Carosa, which would be a related-party transaction.
- Morgan Stanley favorite AI stock is 92 % exposed to the $1 . 6 trillion buildout it bullish on
Morgan Stanley estimates 91.7% of Nvidia's 2027 revenue is exposed to AI infrastructure demand, the highest on the bank's list, and calls Nvidia the best risk/reward in the sector. Hyperscalers and AI cloud providers are expected to spend $1.58 trillion in 2027, up roughly 60% from about $980 billion this year. About $1 trillion of that spending shows up as S&P 500 revenue, nearly $700 billion of it going to Nvidia, while SpaceX and Amazon Web Services make up about 54% of Nvidia's hyperscaler revenue in 2027. The report also flags risks including the largest cash flow deficit of its forecast period in 2027, about $255 billion of unsecured bonds sold this year, and a 32-gigawatt U.S. data center power shortfall through 2028.
- Oracle Is Down More Than a Third in 2026 Even as TD Cowen Flags Possible Nvidia Support. Here’s Where the Stock Could Go by 2031
Oracle closed at $129.13 on October 21, down 34% in 2026 even after cloud infrastructure revenue grew 121% last quarter. TD Cowen analyst Michael Elias wrote on October 20 that his checks suggest Nvidia may be providing credit support for some Oracle data center leases, either by guaranteeing lease payments or by leasing facilities and subleasing them to Oracle; neither company has confirmed it. First-quarter free cash flow was negative $5.4 billion despite record operating cash flow of $23.1 billion, and net debt stands at $132.1 billion. The company has also used prepayments and supplier financing to reduce the cash it spends on capacity. The Wall Street Journal reported that banks disclosing California filings held liens covering 87 million Oracle shares pledged by co-founder Larry Ellison for personal loans, up from about 30 million a year earlier, and Oracle says none of the pledged stock sits in margin accounts.
- Nutanix and Netris Announce Strategic Collaboration to Deliver a Multitenant Infrastructure Stack from Compute to Network for Neoclouds and NVIDIA Cloud Partner Environments
Nutanix and Netris announced a strategic collaboration to deliver a jointly engineered multitenant infrastructure stack for neoclouds and enterprises, combining Nutanix Cloud Platform with the Netris NAAM platform. The solution is designed to help neoclouds launch secure, NVIDIA GPU-accelerated IaaS offerings faster and meet NVIDIA's technical requirements for multitenant services. It automatically configures the physical network as tenant resources are provisioned, offers cloud-style self-service networking through a web console, REST API and Terraform, and enforces tenant isolation from virtual workloads down to the physical switches. The companies say enterprises will be able to run business-critical AI workloads on multitenant GPU infrastructure with hard isolation between tenants.
- History Says Nvidia Stock Does This in November. Here's the 1 Thing That Could Break the Pattern.
Nvidia shares have gained 899% over the past five years (as of Oct. 15), and November has been mostly positive this decade, with the only decline coming in November 2025, when the stock fell 13%. Data center revenue rose 117% year over year to $89 billion in fiscal Q2 2027, with hyperscalers contributing about $49 billion. The article argues the key risk to this pattern is hyperscaler capital spending, which depends on the momentum of their cloud businesses. Hyperscaler backlogs have exceeded $2 trillion, and four of the top five will report third-quarter results within two weeks. If cloud growth slows, hyperscalers may cut capex, which would weigh on Nvidia's data center business.
Related markets
Latest news
- AMD Fell 16% in a Month Before Earnings. Forecasts Call for 501% Profit Growth in Four Years
AMD shares fell 19.23% over the past month ahead of third-quarter results due November 3 after the close, though they are still up 130.73% year to date. The company has gigawatt-scale AI commitments: Anthropic plans up to 2 GW of MI450 GPUs in Helios, OpenAI has committed to 6 GW, and Meta has signed for up to 6 GW more. Second-quarter revenue reached $11.536B, up 50.11%, and Data Center revenue rose 107% to $6.718B, while AMD forecast third-quarter revenue of about $13B ±$300M. According to 24/7 Wall St., the $527.02 price target implies 4.4% upside from the $504.80 reference price and carries a hold rating at 90% confidence. Risks include a 31% drop in gaming revenue, export controls, reliance on Taiwan Semiconductor Manufacturing (NYSE:TSM) and tight server CPU supply.
- Amazon Vs. Intel: The Good Burn and The Very Bad Burn
Amazon and Intel both reported third-quarter results on October 29, 2026, with strong AI numbers, but Intel shares fell from $93.09 to $59.97 while Amazon was down 9.71% over six months. AWS revenue rose 39% to $45.98B with a $578 billion backlog, but Amazon's capex jumped 120% to $77.26B, leaving a trailing free cash outflow of $42.4B despite a 13.9% operating margin. Intel's Data Center and AI revenue rose 78% to $7.32B, but Intel Foundry lost $1.85B and external foundry revenue was only $411 million. Intel raised $23B in new equity and warned it probably will not generate positive free cash flow next year as it ramps Intel 18A, Intel 3 and 14A simultaneously. The article views Amazon's spending as a 'good burn' backed by signed demand, while Intel suits turnaround investors who can tolerate a cash-negative 2027 and would change their view once named foundry customers sign on.
- Binance Misses Monthly Luna Classic Burn for First Time Since 2023
Binance has burned a share of its Luna Classic (LUNC) trading fees nearly every month since March 2023, but according to StatsBin data, the November burn has yet to occur. Some investors link the delay to the record $6.3 billion hack of Binance, which the FBI attributes to North Korea’s TraderTraitor. A prominent community member says Binance is moving LUNC to a more secure wallet before resuming burns, though Binance has not confirmed this or responded to a request for comment. LUNC has dropped 7.9% over the past week to $0.0000417, down 99.99% from its all-time high of $119.18. Binance previously paused burns at the end of 2022, after the Terra Classic community voted to re-mint burned tokens.
- Here’s Why You Buy Amazon Even As It Spends More on AI Than It Generates From Operations
Amazon reported third-quarter revenue up 12.1% to $201.94B and its highest-ever operating margin, but capex of $77.26B exceeded operating cash flow of $42.42B. AWS revenue rose 39% to $45.98B with a $578 billion backlog, while operating income climbed 61.2% to $28.08B and AWS posted a 38.7% operating margin. Quarterly interest expense rose to $1.691B from $538M a year earlier, and trailing free cash outflow stands at $42.4B. The article rates Amazon a Buy at $245.63, arguing the backlog covers the capex, and the average analyst target of $327.70 implies 33.4% upside. The argument weakens if AWS growth slows in 2027 or AWS margins are squeezed by a greater AI mix.
- AMD, Nvidia Could Join Tesla On Samsung's Texas Chip Plant Customer List: Report
Samsung Electronics reportedly will make base dies for high-bandwidth memory (HBM) chips at its second Texas plant, with orders covering all planned output, mostly from AMD, according to Maeil Business Newspaper as cited by Reuters. Nvidia could also join the customer list, though Samsung would manufacture these components rather than the main processors designed by AMD and Nvidia. The 2.7 million square foot factory, about 1.5 times the size of Samsung's first Texas plant, is scheduled to begin construction this month, with equipment installation in 2029 and production in 2030 using the 2-nanometer process. Samsung's first Texas plant already has a $16.5 billion contract with Tesla, signed in July 2025. In pre-market trading on Tuesday, AMD shares rose about 2.3% and NVDA shares rose about 1.4%, while Stocktwits sentiment moved to bullish for AMD and bearish for Nvidia.
- J.P. Morgan expands UAE footprint with DIFC private bank branch
J.P. Morgan Private Bank has opened a branch at the Dubai International Financial Centre (DIFC), regulated by the Dubai Financial Services Authority (DFSA), to serve clients in the UAE and across the Middle East, Africa and South Asia. The move builds on J.P. Morgan's more than five decades in the UAE and 20 years of DIFC-based corporate and investment banking. Ahead of the private banking authorisation, the firm more than tripled its Dubai private banking workforce over the past 12 months, DIFC said. J.P. Morgan International Advisors has also received authorisation to provide asset management services at DIFC, and Selim Elgen heads the UAE private banking operation. DIFC Authority CEO Arif Amiri said the expansion reinforces Dubai's position as a global hub for private wealth.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.