Nvidia Corp. (NASDAQ:NVDA) shares may have slackened in the past couple of sessions but fundamentally, the company is going strong. A new report said on Sunday that the Jensen Huang-led company may have made further inroads in the Middle East.
What Happened: Nvidia has clinched a deal to provide artificial intelligence technology to data centers owned by Ooredoo, a Qatari telecoms group, in five Middle Eastern countries, a release from the latter showed. Ooredoo said it is becoming a Nvidia Cloud Partner as a part of its strategy to become the leading digital infrastructure provider in the Middle East and North Africa.
The deal was signed on the sidelines of the TM Forum in Copenhagen on June 19.
The ...