"NVIDIA has long been a key supplier to Musk's companies. Tesla ( NASDAQ:TSLA ), for instance, relies heavily on NVIDIA's hardware for its autonomous driving systems and AI training. But it's one of Musk's latest endeavors, xAI, that has Huang particularly fired up as it is building out a massive AI infrastructure - including the Colossus supercluster, a 2-gigawatt beast powered by NVIDIA GPUs."
"NVIDIA ( NASDAQ:NVDA ) has been on a tear since the early days of the AI boom, with its stock surging more than 1,000% over the past three years. Today, the company boasts a market cap over $4.6 trillion, making it the most valuable business on the planet. Yet even after that run-up, NVIDIA's growth story feels far from over . The shift to generative AI is still in its infancy, and demand for the company's advanced GPUs shows no signs of slowing."
NVIDIA's stock surged over 1,000% in three years and the company now has a market cap above $4.6 trillion, making it the world's most valuable business. The shift to generative AI remains early-stage while demand for advanced GPUs continues to grow. NVIDIA serves as a key supplier to Musk's ventures, including Tesla's autonomous driving systems and xAI's infrastructure. xAI is building the Colossus 2-gigawatt supercluster powered by NVIDIA GPUs. NVIDIA has invested in xAI and is committing roughly $2 billion to its latest raise, with funds likely returning to NVIDIA through GPU purchases in a symbiotic arrangement.
Read at 24/7 Wall St.
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