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Earnings· August 05, 2026 at 10:39 AM
Why Nvidia Stock Is the Big Winner From SpaceX Earnings
Authored by·Editorially reviewed
Onur Erkan YıldızFounder, Financial Engineer · CMB-licensed
Higher education in Financial Engineering and Money & Capital Markets. SPK (Turkey CMB) licence. 16 years across institutional markets, research, and quant-driven analytics.
NeutralMedium impact
AI summary
Nvidia stock was gaining early Wednesday after the chip maker got a vote of confidence from Elon Musk’s SpaceX It might not be hurting that its chief artificial-intelligence processor rival Advanced Micro Devices looks set for a bad day. Nvidia shares were up 2% at $216.16 in the premarket. The move comes after SpaceX said it would exclusively use Nvidia AI chips.
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