SLB (NYSE:SLB) shares rose on Wednesday as the company expanded its collaboration with Nvidia (NASDAQ:NVDA) to boost AI infrastructure for the energy sector.

The broader market also moved higher, with the S&P 500 up 0.5% and energy stocks gaining 0.1%.

Details

The partnership will focus on building modular data centers and generative AI models for large-scale energy deployments, extending a relationship that dates back to 2008.

The goal is to turn vast volumes of energy data into actionable insights, improving efficiency and supporting more sustainable systems.

The companies will combine NVIDIA's Omniverse libraries with SLB's digital platforms to enhance operations and advance lower-carbon energy solutions.

The move underscores SLB's push to integrate advanced technologies as it positions itself for the energy transition.

Q1 Profit Could Take Hit On Middle East Crisis

This month, SLB said first-quarter revenue will be lower than previously expected. The company also anticipates additional costs that could reduce earnings by about 6 to 9 cents per diluted share for the quarter.

Despite the disruption, SLB said it remains confident in the resilience of its global business, including the Middle East, citing more than 100 years of experience navigating geopolitical ...