$NVDA (-0,88%)

The server systems of Spitzenchips are affected Vera Rubin and Grace Blackwell, which will be delivered . The amount varies depending on the chip generation and memory configuration. The reason cited is the extremely high prices for RAM ($MU (-0,75%)$SKHY (+0,72%)$005930). As a result, part of the value creation in the AI stack is shifting downward—away from the computing chip and toward memory. Just how much of this NVIDIA itself is absorbing is likely to be reflected in the gross margin in the quarterly report on August 26 .

Overall, , this affects hyperscalers like Neoclouds and AI labs, which consequently face even higher costs —because Nvidia chips represent the largest cost factor in AI data centers.

Consequently, GPU rental prices will also continue to rise, which will have a neutral effect for these companies.

The extremely expensive financing, which continues to be weighed down by macroeconomic uncertainty. This price increase further adds fuel to the fire. 🔥

$GOOGL (+1,27%)$AMD (+0,7%)$INTC (-2,12%)$MSFT (+0,23%)$META (+0,8%)$IREN (-1,37%)$CRWV (-2,45%)$NBIS (+0%)$AVGO (+0,74%)

Source:

www.bloomberg.com/news/articles/2026-08-22/nvidia-customers-notified-about-ai-related-price-hikes-above-15

Good morning! Here's my latest earnings calendar from my vacation in Sardinia—my last two are coming up. Have a great Sunday, everyone!

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$EH
$BOX (+0,12%)
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$KSS (+1,28%)
$NVDA (-0,88%)
$OKTA (+0,62%)
$CRM (+1,76%)
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$MRVL (-5,11%)
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$AFRM
$S (+1,34%)
$IREN (-1,37%)

$NVDA (-0,88%) has secured, together with SB Energy (a subsidiary of SoftBank $SFTBY (-1,72%)), secured the land, power connection, and building shell for a new data center project at the PORTS-Pike Campus in Pike County, Ohio.

The roles are clearly defined: SB Energy will build, own, and operate the data center and lease it to OpenAI for 20 years. NVIDIA is providing credit support for the expansion, investing $1.5 billion in SB Energy, and supplying the GPU chips.

The first phase includes 4.25 IT-GW of computing power, with the option to expand to a total of 8 GW.

This makes NVIDIA itself a “neocloud”:

The company is installing its chips in the leased building shells to lease the computing capacity exclusively to OpenAI.

What happens if OpenAI doesn’t use this facility?

NVIDIA says that, alternatively, the capacity can simply be subleased, making the compute a “profitable and financeable” asset.

This is literally the financial thesis behind Neoclouds: $CRWV (-2,45%), $IREN (-1,37%) and $NBIS (+0%) they raise billions in debt, secured against GPU and data center assets—based precisely on the bet that this capacity will retain a residual value and remain available for subleasing.

For the Neocloud industry, this deal has two sides:

First: With these exclusive locations, NVIDIA becomes a direct competitor—the manufacturer secures the best property, the tenant, and the financing for itself, rather than leaving them to a Neocloud provider.

Second: At the same time, the chip manufacturer—of all companies—is publicly endorsing the residual value logic on which the entire model is based—and is even guaranteeing the financing.

In my view, the concern is justified:

If NVIDIA itself acts as a Neocloud provider, potential partners will become competitors. Nevertheless, the deal can also be seen as a positive sign—if the manufacturer backs the interchangeability and residual value thesis with its own capital, that is the strongest conceivable seal of approval for the very business model on which CoreWeave, IREN and Nebius are built on.

https://nvidianews.nvidia.com/

$IREN (-1,37%)

New institutional purchases from recent SEC filings (as of June 30, 2026):

Goldman Sachs $GS (+3,57%)

33,639,454 shares (approx. $1.5 billion) / 9.4%

→ Filed as a passive major shareholder (Schedule 13G)

Norges Bank (Norway’s sovereign wealth fund)

5,197,774 shares (approx. $238 million) / ~1.4%

→ Entirely new position

JP Morgan $JPM (-0,28%)

2,699,785 shares (approx. $124 million) / ~0.75%

→ +45.8% from the previous quarter (+approx. 850,000 shares)

BIT Capital

approx. 7,000,000 shares / ~1.9%

→ IREN remains the largest portfolio position

Geode Capital

approx. 2,500,000 shares (approx. $114 million) / ~0.7%

Unfortunately, the exact position sizes from Q1 cannot be determined; nevertheless, it is noteworthy how heavily institutions $IREN (-1,37%) have been buying shares.

$IREN (-1,37%) has received $NVDA (-0,88%) received “Exemplar Cloud” status for its deployment of the GB300 NVL72—a seal of quality that NVIDIA awards only after conducting its own review of the infrastructure. This was announced at the same time as the handover of Horizon 1 to Microsoft.

Following certification for the HGX B300 (training workloads) at the end of June (June 29, 2026), IREN has now also received the certification for the GB300 chips.

What this means: NVIDIA has tested and certified IREN’s GB300-NVL72 setup (the current Grace Blackwell Ultra rack system) at the Horizon 1 data center. This certification confirms that the environment can handle demanding AI workloads with the required performance, reliability, and scalability. It serves as a seal of approval from the chip manufacturer for the operator.

The second part of the announcement: Horizon 1 is the first of four 50 MW (IT load) direct liquid-cooled AI cloud tiers that IREN will deliver to Microsoft in 2026 at its Childress (Texas)—as part of the five-year, $9.7 billion contract announced in November 2025. Horizon 2–4 are set to follow later this year.

Overall, these announcements primarily build confidence and underscore the quality of IREN’s infrastructure.

www.iren.com

• $IREN (-1,37%) The reason for this is the official announcement that IREN has successfully delivered its first 50-megawatt AI cloud site (“Horizon 1”) to Microsoft, and that the customer has accepted it. Key details from today’s (August 13, 2026) Microsoft acceptance: Horizon 1 is the first of four planned 50-MW facilities on the campus in Childress, Texas. The delivery is part of a five-year, $9.7 billion cloud services contract.Nvidia “Exemplar Cloud” Status: At the same time, Nvidia has officially tested the facility and granted IREN the exclusive status of an Exemplar Cloud based on the Nvidia GB300 NVL72 system (with liquid cooling directly on the chip).
• Revenue Target Reinforced: The confirmation of Microsoft’s acceptance removes significant risks from the project. The company thus remains on track to meet its raised ARR (annualized revenue) target of over $4 billion for 2026. IREN plans to deliver the remaining phases (Horizons 2–4) later this year.

$IREN (-1,37%)