SpaceX's earnings are not helping its stock, but Nvidia is getting a boost
SpaceX said it will use Nvidia chips exclusively as second-quarter capital expenditures reached $18.4 billion, far above estimates, and shares fell more than 7%.
4 Articles
4 Articles
These three AI stocks are must-own after SpaceX earnings call
SpaceX (SPCX) inaugural earnings call following its blockbuster debut on Nasdaq sent “seismic” ripples across Wall Street. While investors digested the aerospace giant's eye-popping $15.8 billion artificial intelligence (AI) capital expenditure outlay and its bold operational roadmaps, Elon Musk made it clear where that capital is flowing. By laying out the fundamental physical and architectural bottlenecks defining high-performance computing – …
AMD (Advanced Micro Devices) CEO Lisa Su dismissed Elon Musk's remarks regarding SpaceX's promise to use Nvidia artificial intelligence chips exclusively. This statement was made during an interview the day before AMD's stock price fell. In the interview, Su said, "I have tremendous respect for Elon and everything he has accomplished. Therefore, we hope to continue our partnership in the long term." Musk [… ] at the company's earnings announceme…
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