Elon Musk announced that SpaceX will exclusively use Nvidia systems for its AI services, marking a significant partnership for the aerospace company.
Elon Musk confirmed during SpaceX's first-ever earnings call that the company will build its AI services exclusively on Nvidia systems. This strategic move highlights a close cooperation with Nvidia, with Musk stating that the 'Vera Rubin architecture' is the best AI computer. SpaceX expects to reach over 2 gigawatts of compute by the year's end and aims for nearly 10 gigawatts by the end of next year. The company's AI revenues climbed 213% quarter over quarter, reaching $2.6 billion, driven by cloud service agreements with companies like Google and Anthropic. In a separate market development, AMD's stock fell 5% on Wednesday despite beating revenue expectations. While revenue climbed 50% to $11.54 billion, the results fell below more optimistic analyst estimates. CEO Lisa Su noted that AI is driving a significant expansion in demand for compute across all markets. Analysts suggest the current stock dip represents a potential buying opportunity as market expectations for AI stocks have been high.