Nvidia stocks gain on SpaceX deal
Nvidia's stock rose by more than 4% after Elon Musk, CEO of SpaceX, confirmed that the company will rely exclusively on the Vera Rubin system to operate its artificial intelligence services. Musk explained that SpaceX is increasing its computing capacity from 2 gigawatts currently to 10 gigawatts by the end of next year, with plans to launch Starlink satellites to provide high-efficiency orbital data centers with advanced cooling, supporting AI projects and expanding digital infrastructure. SpaceX's AI revenue grew by 247% year-over-year, reaching $2.6 billion, with multi-billion-dollar data center leasing agreements signed to support AI models.
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