Nvidia is embarking on a series of partnerships with Indian firms to deploy its AI chips and technology, deepening its push into a key growth market.

He pointed out that India possesses the crucial elements needed for AI development: data, energy resources, and infrastructure, that can be created.

Nvidia, keen to become the most valuable company, is focusing on India's vast opportunities. CEO Jensen Huang announced major collaborations with Reliance, Infosys, and others to develop AI technology and chip design.

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as high bandwidth memory (HBM) ones used in generative AI chipsets.

Operating profit for the third-quarter hit 7.03 trillion won ($5.08 billion), a record high, beating LSEG forecast of 6.8 trillion won.