Reported 4 months ago
Elon Musk's AI start-up xAI recently closed a $6 billion financing round, part of which will be used to purchase 100,000 Nvidia H100 GPUs to build a supercomputer, leading to a surge in Nvidia stock price. Musk's continued reliance on Nvidia for crucial products like autonomous driving software reflects positively on the company, which has seen significant revenue and profit growth over the past year. While this development is encouraging for Nvidia investors, it is recommended to consider the broader context and trends in the market before making investment decisions.
Source: YAHOO