NVDA ▼ -1.1% - NVIDIA Corporation $NVDA Anthropic has reportedly signed a $35 billion cloud-computing agreement with Nvidia-backed Lambda for capacity at a Texas data center developed by Hut 8, according to people familiar with the transaction. The Details: • Structure: Nvidia reportedly holds the data-center lease after securing capacity from Hut 8; Lambda would install Nvidia chips at the Nueces County, Texas site. • Hut 8 campus: Hut 8 disclosed 15-year leases for the full 700-megawatt campus from an unnamed tenant and described the planned facility as a $20 billion Nvidia-chip project. • Supply expansion: The arrangement follows Anthropic’s reported $45 billion agreement with Nvidia-backed Nscale earlier this month for West Virginia capacity. • Competing hardware: Hut 8 is also developing separate Anthropic facilities that will house Google tensor processing units, according to the report. * ?The deal would deepen Anthropic’s access to Nvidia computing through a multilayered Lambda-Hut 8-Nvidia structure as it addresses capacity constraints. Anthropic has signed a $35 billion cloud-computing agreement involving Nvidia-backed Lambda and Hut 8 for GPU capacity at a Texas data center, following a similar $45 billion deal announced earlier this month for West Virginia capacity. The arrangement underscores strong demand for Nvidia's chips among AI companies scaling their infrastructure, though the stock declined 1.1% today as markets may be weighing near-term supply constraints across the AI sector against the long-term revenue potential of these multibillion-dollar commitments. 01-SEP-2026 05:31 AM ET