NVDA Stock Moves Higher After AI Infrastructure Deal With Thinking Machines Lab

Shares of NVIDIA Corporation (NVDA) edged higher on Tuesday after AI startup Thinking Machines Lab announced a sweeping multi-year strategic partnership with the chipmaker, combining a significant equity investment with a commitment to deploy at least one gigawatt of NVIDIA’s next-generation Vera Rubin processors. The deal, announced jointly by both companies on March 10, 2026, underscores the relentless appetite for AI computing infrastructure and cements NVIDIA’s dual role as both a hardware supplier and a major financial backer of the AI ecosystem.

Thinking Machines Lab, founded by former OpenAI Chief Technology Officer Mira Murati, has quickly emerged as one of Silicon Valley’s most closely watched AI startups, and this partnership is expected to dramatically accelerate its ability to train frontier AI models at scale.

AI Startup Partners With Nvidia for Massive Vera Rubin Deployment

Under the terms of the agreement, Thinking Machines Lab will deploy at least one gigawatt of NVIDIA Vera Rubin systems, with deployment targeted for early next year. The computing capacity will be used primarily to train the startup’s artificial intelligence models and to power platforms designed to deliver customizable AI at scale.

The partnership also includes a collaborative effort to design training and serving systems optimized for NVIDIA architectures, with a stated goal of broadening access to frontier AI and open models for enterprises, research institutions, and the scientific community. Financial terms of the deal were not disclosed, though industry executives have noted that one gigawatt of computing power, enough to supply roughly 750,000 U.S. homes, can carry a price tag of around $50 billion.

NVIDIA has also made a direct equity investment in Thinking Machines Lab as part of the agreement, adding to its prior participation in the startup’s roughly $2 billion seed round led by Andreessen Horowitz, which valued the company at $12 billion. The startup has since been seeking additional capital in a new funding round that could push its valuation into the tens of billions of dollars, according to sources cited by Reuters.

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NVDA Stock Brief: Price Action, Market Cap, and Analyst Targets

As of Tuesday morning, NVIDIA shares were trading at $183.50, up $0.85 or approximately 0.47% on the session, against a previous close of $182.65 — a modest but positive reaction as broader markets showed mixed performance, with the S&P 500 slipping 0.21% and the Dow Jones Industrial Average down 0.28%.

The stock has delivered a one-year return of over 70%, dramatically outpacing the S&P 500’s roughly 21% gain over the same period, though NVDA is slightly negative year-to-date, down about 2.24% compared to the index’s 0.82% decline. NVIDIA carries a market capitalization of approximately $4.43 trillion, a trailing P/E ratio of 37.21, and a forward P/E of 22.73, reflecting continued analyst confidence in its earnings trajectory.

The consensus analyst price target stands at $266.35, well above the current trading price, with the high target reaching $380, and the most recent rating from Tigress Financial on March 5, 2026 maintaining a Strong Buy with a raised price target of $360. Revenue for Q4 FY26 came in at $68.13 billion with earnings of $39.55 billion, beating the consensus EPS estimate of $1.54 with an actual result of $1.62, reflecting the company’s continued execution in the data center AI infrastructure market.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.