Productive, Durable, Fungible: How NVIDIA AI Factories Maximize Return on Investment

AI factories are built by the megawatt, even by the gigawatt. Each megawatt factory costs roughly $60 million, and AI factory operators will only commit capital on that scale with a clear view of the return on investment. Three key things shape AI factory returns:

Earning capacity: What the factory could earn in a year if it sold every token it can produce.

Useful life: How long its AI hardware keeps earning.

Demand: How much demand there is for those tokens.

Strength cannot fully offset weakness in another. High earning capacity counts for little if the factory sells only part of what it can produce. High demand matters little if it stops producing at full capacity in just a year. Nor are the three independent. A factory that can run more kinds of workloads finds more demand, keeping it earning year after year.

NVIDIA AI factories are engineered to maximize all three. They’re:

Productive: Delivering the highest throughput per megawatt …