As Nvidia approaches its quarterly earnings report, shareholders remain optimistic despite the stock's recent volatility due to Trump's tariff war. Elon Musk has expressed his intention to continue purchasing Nvidia GPUs for Tesla and xAI, indicating sustained demand for AI chips amid economic uncertainties. This trend suggests that companies committed to investing in AI may outperform competitors during challenging economic conditions. Nvidia's stock is viewed as undervalued, especially with Musk's recent statements potentially reigniting interest in AI investments before the earnings reveal.
Elon Musk's companies are going to keep on loading up on the Nvidia GPUs. That's a massive vote of confidence that NVDA shareholders should not ignore.
If anything, Musk's appetite for GPUs seems to signal the AI boom isn't slowing, just because the economy may.
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