Nvidia has taken a minority stake in Cloverleaf, a company that develops the land and power infrastructure needed to build data centres, in its latest move to shore up demand for its chips. The deal reflects a wider pattern of Nvidia ploughing profits from the AI boom back into its customers and suppliers to prevent bottlenecks in data centre capacity and power supply from slowing GPU sales, which some see as an attempt to keep the AI investment boom from faltering.

Founded in 2024, Cloverleaf secures sites and power for data centres that are then leased out to cloud providers and AI model developers. Nvidia's newest chips increasingly require liquid cooling rather than air cooling, with its upcoming Rubin generation offered only in liquid-cooled form, and rack power demands set to rise from around 250kW to 600kW next year. Because many of Nvidia's biggest customers, such as OpenAI, lease rather than own their data centres, Nvidia has also invested directly in firms including CoreWeave and Nebius to ensure enough suitably equipped capacity exists to absorb its hardware.