According to Reuters, Amazon (AMZN) and SK Group will jointly invest approximately $5 billion to construct South Korea's largest AI data center, breaking ground in September 2024 and expected to be fully operational by 2029 with a capacity of 100 megawatts. This major infrastructure move is expected to enhance South Korea’s AI and cloud computing capabilities, potentially driving increased demand for blockchain and cryptocurrency solutions in the region. Traders should monitor related crypto sectors such as AI-powered tokens and blockchain projects linked to cloud infrastructure, as regional investment in high-performance computing may boost adoption and liquidity in these segments (Source: Reuters).

According to B. Riley, Silicon Motion (SIMO) received a price target upgrade to $90 from $75, while maintaining a 'Buy' rating due to significant wins in Nvidia's Bluefield data processing unit and the upcoming Nintendo Switch 2 product cycle. These developments are expected to drive increased demand for SIMO’s memory and storage solutions, which could positively impact trading sentiment. As noted by B. Riley, the Nvidia Bluefield partnership positions Silicon Motion for further growth in the AI and data center sectors, which are critical for blockchain and crypto infrastructure. Traders should watch for increased volatility and upward momentum in SIMO, especially as its technology becomes more integral to large-scale crypto and gaming platforms (Source: B. Riley, via @CNBC).

According to StockMKTNewz, Oracle (ORCL) is set to purchase $40 billion worth of NVIDIA (NVDA) chips for a new OpenAI US data center, as reported by Financial Times. This substantial investment signifies a major advancement in AI infrastructure, which could accelerate blockchain and cryptocurrency adoption through enhanced computational power and AI-driven smart contract technologies. Traders should closely monitor related crypto tokens and AI-focused blockchain projects, as this deal could stimulate demand in sectors like AI tokens and decentralized computing solutions. Source: StockMKTNewz on Twitter, Financial Times.

According to @StockMKTNewz, Nvidia CEO Jensen Huang announced at the Saudi-US Investment Forum in Riyadh that Nvidia will provide semiconductors to Saudi Arabian AI firm Humain for a massive 500 megawatt data center buildout (Bloomberg, May 13, 2025). This strategic move signals a significant expansion in high-performance AI infrastructure, expected to boost demand for advanced chips and drive energy consumption. Crypto traders should note that such large-scale data centers can increase demand for decentralized compute resources and blockchain-based energy solutions, potentially influencing token prices in the AI and energy sectors.