Elon Musk’s $15 Billion AI SHOCKER! SpaceX Stock CRASHES, Nvidia SOARS! Is AMD DOOMED NOW?
Can a company that beats revenue expectations by nearly a billion dollars still see its stock tumble? SpaceX's latest earnings revealed a shocking $15.8 billion spent on AI infrastructure, more than double the prior quarter, overshadowing strong revenue growth and sending its stock down over 6%. However, there's a silver lining for one tech giant: Elon Musk announced an exclusive partnership with Nvidia, declaring their Vera Rubin architecture superior and making them the sole chip supplier for SpaceX's AI ambitions, including orbital computing satellites. This dramatic shift came as a significant blow to Advanced Micro Devices, which previously supplied chips and saw its stock slide in sympathy with SpaceX. Meanwhile, amidst the massive AI losses, Starlink surprisingly remained the only profitable division for SpaceX. Make sure you're subscribed to our channel so you don't miss out on more critical market insights.
Tags/Hashtags: #spacex #nvidia #amd #starlink #gpu #spacex #nvidia #starlink
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