Nvidia NASDAQ:NVDA shares fell about 3% in Thursday trading even after the AI chipmaker secured a major supply agreement with Japan's Noetra consortium and introduced new robotics computing modules, as broader weakness weighed on semiconductor stocks.
Nvidia will provide 27,500 next-generation Rubin GPUs and 13,750 CPUs to Noetra, a Japanese technology consortium backed by SoftBank (SFTBY), Sony Group (SONY), and Honda Motor (HNDAF). The chips will power a large AI data center as Japan expands domestic artificial intelligence infrastructure.
The agreement reflects Nvidia's strategy to diversify beyond hyperscale cloud providers by supporting government-backed AI projects. The company has said sovereign AI initiatives have become a growing business, generating more than $30 billion in revenue over the past year.
Separately, Nvidia introduced its Thor-based T3000 and T2000 computing modules aimed at robotics, autonomous vehicles, and industrial automation applications. The launch expands the company's presence in physical AI, a market that analysts expect to grow over the long term, although investors remained focused on the broader selloff across semiconductor shares during Thursday's session.