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Nvidia to fund up to $3B in Blackstone-backed power firm (NVDA)

Nvidia (NVDA) plans to invest up to $3B in Lancium, an energy infrastructure company backed by private equity firm Blackstone (BX). Read more here.

Financial news writerUpdated: 4 ViewsSource Seeking Alpha

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Nvidia to fund up to $3B in Blackstone-backed power firm (NVDA)
Image Source: Seeking Alpha

Nvidia (NVDA) plans to invest up to $3B in Lancium, an energy infrastructure company backed by private equity firm Blackstone (BX). Read more here.

Nvidia to fund up to $3B in Blackstone-backed power firm (NVDA) | Seeking Alpha

BING-JHEN HONG/iStock Editorial via Getty Images

Nvidia (

NVDA

) plans to invest up to $3B in Lancium, an energy infrastructure company backed by private equity firm Blackstone (

BX

), The Information reported, citing people familiar with the matter.

The semiconductor firm will initially invest $2B in Lancium in exchange

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This article is sourced from Seeking Alpha. It is for informational purposes only and does not constitute investment advice.

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