<div id="readability-page-1"> <p>The deal marks a key step for Nvidia as it seeks new markets outside China amid ongoing U.S. trade limits.</p> <h2><strong>Nvidia Expands Its Global Footprint</strong><strong></strong></h2> <p>The agreement comes as Nvidia continues to strike major AI partnerships around the world. These deals helped the company recently become the first $5 trillion firm, showing its dominance in the global chip market.</p> <p>The plan was announced after Nvidia CEO Jensen Huang met with South Korean President Lee Jae Myung and business leaders from Samsung, SK, and Hyundai during the Asia-Pacific Economic Cooperation summit in Gyeongju.</p> <p>Huang praised Korea's industrial success, saying the country can now &#34;produce intelligence as its next great export.&#34;</p> <h2><strong>South Korea Builds AI Infrastructure</strong></h2> <p>As part of the deal, the Korean government will buy 50,000 Nvidia chips to power a new National AI Computing Center. Companies such as Samsung, SK Group, and Hyundai will each receive up to 50,000 chips to support smart factories and AI development.</p> <p>Naver, Korea's largest internet and search company, will buy 60,000 chips to boost its cloud and AI services. The deal boosts Korea's plan to build its AI strength and draw more global tech partners.</p> <h2><strong>Is NVDA a Good Stock to Buy Now?</strong></h2> <p>Analysts remain highly optimistic about Nvidia's long-term outlook. On TipRanks, NVDA stock has a Strong Buy consensus rating based on 36 Buys, one Hold, and one Sell rating. The average Nvidia price target of $232.94 implies nearly 14.81% upside potential from current levels.</p></div>

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<p>Nvidia has secured a significant AI chip deal in South Korea, marking a strategic move to expand its market presence beyond China amid U.S. trade restrictions. The agreement, announced after CEO Jensen Huang's meeting with South Korean leaders, involves the Korean government purchasing 50,000 chips for a National AI Computing Center, with additional orders from major companies like Samsung and Naver. Analysts maintain a positive outlook on Nvidia, with a Strong Buy consensus rating and a price target suggesting a potential upside of 14.81%.</p>

- Nvidia has secured a significant deal to expand its global presence, particularly in South Korea, amid U.S. trade restrictions.  
- The agreement includes the Korean government purchasing 50,000 Nvidia chips for a National AI Computing Center, with additional orders from major companies like Samsung and Naver.  
- Analysts maintain a positive outlook on Nvidia's stock, with a Strong Buy consensus and an average price target suggesting a potential upside of nearly 14.81%.

Nvidia (NVDA) Just Scored a Massive AI Chip Deal in South Korea