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Nvidia Stock Is on the Rise, After Elon Musk Says SpaceX Will ‘Exclusively’ Buy Its Chips
SpaceX and Tesla CEO Elon Musk (left) said in Tuesday’s earnings call that SpaceX will only buy Nvidia chips.Credit: Stefani Reynolds / Bloomberg / Contributor / Getty ImagesKey TakeawaysNvidia shares climbed Wednesday, after Elon Musk said SpaceX will exclusively buy its chips.Musk said SpaceX expects to secure a “significant percent” of Nvidia’s GPUs next year.Nvidia shares are getting a lift after some encouraging comments from SpaceX and Tesla CEO Elon Musk.Musk said in SpaceX’s (SPCX) first earnings call as a public company yesterday that it will only buy Nvidia (NVDA) chips for the…
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