Aker and Nscale to build $1 billion OpenAI plant in Norway
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2025
0mins
Should l Buy NVDA?
Source: Reuters
Partnership Announcement: Aker ASA is collaborating with Nscale Global Holdings and OpenAI to establish a large AI facility in northern Norway, aiming to install 100,000 Nvidia processors by the end of 2026, powered entirely by renewable energy.
Investment and Capacity Plans: The project, named Stargate Norway, involves an initial investment of about $1 billion and has the potential to expand its capacity tenfold, marking it as one of Europe's most ambitious AI infrastructure investments.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 185.410
Low
200.00
Averages
264.97
High
352.00
Current: 185.410
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Alphabet's Advantage: With a market cap of $3.9 trillion, Alphabet has made substantial progress in quantum computing through its resources and the Willow chip, showcasing its dual investment potential in both quantum computing and generative AI, positioning it as a cornerstone for investment portfolios.
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- IonQ's Competitive Edge: IonQ's trapped-ion technology provides quantum computers with over ten times the accuracy of its nearest competitor, making it a noteworthy investment despite its funding challenges, as its leading position in quantum computing warrants attention from investors.
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- Data Center Expansion: The company expanded from three data centers at the end of 2022 to 33, leveraging dedicated GPUs to process AI tasks 35 times faster and 80% cheaper than larger cloud platforms, significantly enhancing its competitive edge.
- Capital Strategy: CoreWeave secured additional financing by leveraging GPUs as collateral and invested $100 million in Nvidia's H100 data center GPUs in 2022, further driving its infrastructure expansion.
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See More
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- Economic Data Focus: The market is closely watching upcoming employment and inflation data, with January nonfarm payrolls expected to rise by 69,000 and the unemployment rate to remain at 4.4%, as these figures will influence investor expectations regarding future monetary policy, potentially leading to market volatility.
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