Nvidia (NVDA) Stock Jumps 4% as SpaceX Bets Everything on Vera Rubin
TLDR
- SpaceX announced it will exclusively use Nvidia AI chips, citing the Vera Rubin architecture as the best available
- Nvidia stock rose 4.3% to $220.75 in early trading following the announcement
- Elon Musk said SpaceX targets ~2 gigawatts of compute capacity by end of 2026, rising to 10 gigawatts in 2027
- Nvidia-backed Volta Infra signed a $10 billion multi-year AI cloud deal with Anthropic to build European data centers using Nvidia chips
- Rival AMD fell 5% after earnings, highlighting Nvidia’s relatively low forward P/E of 19.4x vs AMD’s 44x
Nvidia stock jumped 4.3% to $220.75 in early trading after SpaceX confirmed it will build exclusively on Nvidia’s AI chip platform going forward.
Elon Musk made the announcement during a SpaceX earnings call, calling the Vera Rubin architecture “the best architecture” available. SpaceX selected the Vera Rubin NVL72 rackscale system for its upcoming Starmind satellite AI program.
SpaceX’s current ambitions are large. Musk said the company expects roughly two gigawatts of computing capacity by the end of 2026, with potential to scale to 10 gigawatts in 2027.
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