Nvidia ends week up more than 10% as AI chip fears ease

Price ActionProduct / Tech Impact 4
โดย Yahoo Finance·US·Read original
Summary · why it matters

Nvidia shares surged more than 10% this week as concerns over the AI trade subsided. The Philadelphia Semiconductor Index also rose over 8% in the same period, recovering from a prior-week sell-off tied to valuation fears. SpaceX CEO Elon Musk announced during the company's first earnings call that it will build data centers exclusively using Nvidia chips, including Vera Rubin-based NVL72 racks on Earth and modified versions in orbit. The gains came despite a report that Nvidia is testing reduced high-bandwidth memory configurations for its upcoming Rubin Ultra chip due to a global memory shortage. Rival AMD reported better-than-expected second-quarter results and an upbeat third-quarter outlook but ended the week up just under 2%, though its stock has risen 180% over the past 12 months compared with Nvidia's 28% gain.

Impact on stocks 3

Artificial Intelligence▲ · 2 stocks
NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Elon Musk announced SpaceX will build data centers exclusively using Nvidia chips, including Vera Rubin-based NVL72 racks.

Advanced Micro Devices Inc
AMD
▲ PositiveCapitalrelevance

AMD reported better-than-expected Q2 results and upbeat Q3 outlook, but the article notes its stock rose less than Nvidia's.

Space Economy▲ · 1 stocks
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