Overview

• Nvidia's latest acquisition includes three office buildings on San Tomas Expressway for $254 million in cash, bringing its total real estate spending to $747 million over the past year.
• The newly acquired properties are directly across the street from Nvidia's headquarters and were purchased from The Sobrato Organization.
• A fourth Sobrato-owned building is under contract, with the deal expected to close soon, potentially pushing Nvidia's total spending past $830 million.
• The acquisitions are part of a strategic 'covered land play,' with Nvidia leasing the properties short term while planning future developments, such as data centers or fabrication facilities.
• Nvidia's real estate spree reflects its surging revenue and profits from AI chip sales, as well as its broader strategy to expand U.S.-based operations and manufacturing capabilities.