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Nvidia Shares Drop 3.8% Amid $28M Israel AI Campus Expansion
Nvidia Shares Drop 3.8% Amid $28M Israel AI Campus Expansion
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BTCCSquare news:
Nvidia's stock decline followed its announcement of a 160,000-square-meter AI campus in Kiryat Tivon, Israel—the country's largest tech hub. The $28 million land deal, secured at a 50% discount, reflects Israel's aggressive incentives for semiconductor investment. Construction begins 2030, targeting 10,000 employees by 2031.
Analysts see short-term volatility but long-term strategic value in Israel's AI ecosystem. The move coincides with growing institutional interest in AI infrastructure plays, though crypto markets showed muted reaction. No direct cryptocurrency or exchange linkages were identified in this corporate expansion.
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