TradingKey – According to a report by The Information citing people familiar with the matter, Nvidia (NVDA) is in talks to participate in a new funding round for Perplexity at a valuation of over $30 billion. If completed, the deal would be one of its largest investments in the AI application layer, signaling that the chipmaker is attempting to expand from a hardware supplier to an AI ecosystem leader.

The market’s focus is shifting from Nvidia’s chip sales capabilities to whether the company can build a sustainable business model beyond hardware, and how this strategic investment will impact Nvidia’s stock price.

[Source: TradingView]