BigTech @BigTech: "Nvidia, Deutsche Telekom Plan €1..."

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Nvidia, Deutsche Telekom Plan €1 Billion German Data Center 👉 $NVDA (NVIDIA Corporation) and $DTE.DE (Deutsche Telekom AG) are preparing to announce plans for a €1 billion data center in Germany as part of a broader push to develop more infrastructure across Europe to power AI systems. 👉 Both companies will contribute funding for the $1.2 billion project, according to people familiar with the plans. And $SAP.DE (SAP SE) , Europe’s biggest software company, will serve as a customer of the facility, the people said, asking not to be identified because the details aren’t yet public. 👉 Deutsche Telekom Chief Executive Officer Tim Höttges, Nvidia CEO Jensen Huang, SAP CEO Christian Klein and German digital minister Karsten Wildberger were expected to announce the plans at an event in Berlin next month, they said. 👉 European policymakers and tech executives alike have been talking for months about the need for the region to develop its own AI ecosystem and catch up to rivals in the US and China. In the US alone, tech companies including Microsoft Corp. and Alphabet Inc.’s Google are committing hundreds of billions of dollars to build AI computing capacity. 👉 Nvidia’s Huang and others have criticized Europe for being too slow to develop its own infrastructure and support companies that want to use AI while keeping their data within the region. 👉 Deutsche Telekom’s American depositary receipts jumped as much as 2.2% on the news to reach a session high. 👉 Even the €1 billion data center planned by Nvidia and Deutsche Telekom pales in comparison to the gigawatt-sized projects that are being announced around the world today. While the project in Germany will make use of an estimated 10,000 advanced chips known as graphics processing units, a single data center in Texas being developed by SoftBank Group Corp., OpenAI and $ORCL (Oracle Corporation) is expected to house about 500,000 GPUs. 👉 Deutsche Telekom, Nvidia and SAP didn’t provide statements. The German digital ministry didn’t immediately respond to a request for comment. The companies plan to build the operation in Munich, one of the people familiar with the situation said. 👉 The European Union announced a €200 billion plan in February to support AI development in the region, with a goal of tripling the region’s capacity to power such systems within the next five to seven years. Deutsche Telekom has been involved in talks with other companies to participate in the push to build so-called AI “gigafactories.” But the process has proven slow to get off the ground. The bloc has yet to lay out exactly how it’ll review bids and allocate funding. Read more ❓ www.bloomberg.com/news/articles/2025-10-27/nvidia-deutsche-telekom-plan-1-billion-data-center-in-germany ✨ $NVDA and $ORCL are part of eToro’s @BigTech Smart Portfolio. This fully allocated investment strategy invests in leading global large-cap companies from the technology sector, including telecommunications, entertainment, e-commerce, software solutions, and more. @BigTech is part of eToro's Smart Portfolios series, covering innovative themes, and is available from a minimum investment of $500. Some of the companies invested in this portfolio are $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) , $GOOGL (Alphabet Inc Class A) , $AVGO (Broadcom Inc) , $NOW (ServiceNow Inc) , $PLTR (Palantir Technologies Inc.) and $PANW (Palo Alto Networks) . Your capital is at risk. Past performance is not an indication of future results.