• Over the past few days, partners including Adobe, Delta Electronics, Navitas, London Stock Exchange Group and others announced deeper collaborations with NVIDIA that tie RTX Spark chips, Nemotron open models and CUDA-X software into AI content creation, semiconductor workflows and 800 VDC data center power designs.

• These partnerships point to NVIDIA’s AI platform becoming more embedded in customers’ day to day workflows, from creative tools and scientific R&D to financial data analysis and AI factory power infrastructure.

• We will now look at how NVIDIA’s investment narrative could be affected by this broadening of RTX Spark powered AI partnerships.

Scan beyond NVIDIA to spot other AI infrastructure plays that could benefit from similar GPU demand and AI factory trends by working through our curated list of 94 AI infrastructure stocks.

NVIDIA Investment Narrative Recap

Owning NVIDIA means believing that AI compute demand, across data centers, creative tools and physical infrastructure, keeps translating into orders for its full platform of chips, systems and software. The key near term swing factor is how efficiently that backlog converts into shipped AI factory capacity while gross margins absorb higher memory and component costs already flagged by management.

Recent RTX Spark centric deals with Adobe, Delta Electronics, Navitas and London Stock Exchange Group tie NVIDIA deeper into customer workflows without clearly shifting that core catalyst. The main risk story still sits with export controls on China and large customers building in house accelerators, which could cap addressable demand or pressure pricing over time.

The Adobe partnership looks most directly connected to this week’s creator focused RTX Spark news. Adobe is optimizing Photoshop, Premiere and Substance 3D to run RTX accelerated workflows on the RTX Spark superchip, with claims of up to 2x faster AI processing for tasks like compositing, texturing and video effects on that platform.

This matters for NVIDIA because it turns creative apps into practical showcases for its new hardware and Nemotron model stack, which can reinforce RTX Spark demand as studios upgrade. The same theme runs through other announcements, from Delta’s 800 VDC power systems to Navitas’ boards, all pointing to the AI factory push as both opportunity and execution test.

NVIDIA’s current analyst narrative points to forecast revenue of US$995.9b and projected earnings of US$540.6b by 2029, based on assumed yearly revenue growth of 48.7%, with earnings expected to rise by about US$347.7b from US$192.9b today.