Nvidia Shares Soar to All-Time High on News of Elon Musk's xAI's Ambitious Supercomputer Project

Nvidia shares reached a record high of over $1,140.00 after reports that Elon Musk's AI company, xAI, will build a supercomputer requiring 100,000 semiconductors. xAI recently raised $6 billion in funding to develop products, infrastructure, and future AI technologies. The supercomputer is intended to compete with OpenAI and be operational by fall 2025. Nvidia's stock has more than doubled this year following strong earnings results. xAI may partner with Oracle to develop the supercomputer, sending Oracle shares up as well.

Transcript

00:00 It's Benzinga and here's what's on the block.

00:02 NVIDIA shares reached a record high of over $1,140 after reports that Elon Musk's AI company

00:09 XAI will build a supercomputer requiring 100,000 semiconductors. XAI recently raised $6 billion

00:16 in funding to develop products, infrastructure, and future AI technologies. The supercomputer

00:21 is intended to compete with OpenAI and be operational by fall 2025. NVIDIA stock has

00:27 more than doubled this year following strong earnings results. XAI may partner with Oracle

00:32 to develop the supercomputer, sending Oracle's shares up as well. For all things money visit

00:36 Benzinga.com

Category

Transcript

Comments

Recommended