This One Word On SpaceX’s First Earnings Call Cost It 11%, And Sent Nvidia Higher

SpaceX (SPCX) stock closed down about 14% on Wednesday, while Nvidia (NVDA) rose and Advanced Micro Devices (AMD) fell. All three moves traced back to one word Elon Musk used on SpaceX's first earnings call.

That word was "exclusively." Musk said SpaceX would build its artificial intelligence (AI) systems only on Nvidia chips from now on. The promise handed Nvidia a huge customer and shut its rivals out.

The One Word That Repriced the Chip Trade

Tuesday was Musk's first earnings call as the head of a public company. He used it to name Nvidia as SpaceX's only AI chip supplier.

"Going forward, we have decided to build exclusively on Nvidia, because we think the Vera Rubin architecture is the best architecture"

Via, Yahoo Finance

Vera Rubin is Nvidia's next chip platform. Musk said SpaceX would run it on the ground and in space through Starmind, a plan to fly data-center computers on satellites from next year. The new Nvidia satellite deal made SpaceX one of Nvidia's biggest customers.

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