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Nvidia Corp. (NVDA) will reportedly invest $1 billion in building an artificial intelligence (AI) data center in Mexico’s Nuevo Leon.
According to a Reuters report, Nuevo Leon Governor Samuel Garcia made the announcement in a social media post.
Nvidia shares were down 0.5% in Wednesday’s midday trade. Retail sentiment on Stocktwits around the company trended in the ‘bullish’ territory at the time of writing.
Earlier in September, AI bellwether Nvidia announced a partnership with OpenAI to build and deploy at least 10 gigawatts of AI data centers featuring its systems.
“To support this deployment including data center and power capacity, NVIDIA intends to invest up to $100 billion in OpenAI as the new NVIDIA systems are deployed,” the company said in a statement.
Nvidia added that the first phase of this partnership is targeted to come online in the second half of 2026, powered by its Vera Rubin platform. The company unveiled the Vera Rubin chip for the first time in October at its GTC 2025 keynote.
The International Energy Agency, in its latest World Energy Outlook, stated that investment in data centers is expected to reach $580 billion in 2025, outpacing the $540 billion spent on global oil supply.
The report added that 85% of the new data center capacity addition over the next ten years is expected in the U.S., China, and the European Union.
NVDA stock is up 43% year-to-date and 30% over the past 12 months.
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