3 Stocks to Buy Following SpaceX's First Earnings Call
Nvidia, Micron, and SK Hynix all look like big winners after SpaceX's first earnings call.
Overview
Whether you love him or hate him, Elon Musk is one of the most influential executives in the world today. Not surprisingly, his first earnings call with SpaceX (NASDAQ: SPCX) was a highly anticipated event. While, as expected, he made some bold predictions and promises, there were a few clear non-SpaceX winners from the company's earnings call.
The first big winner is Nvidia (NASDAQ: NVDA). Just before releasing its earnings report, SpaceX announced that it was teaming up with Nvidia to design the compute payload for its Starmind AI satellite. This will be SpaceX's first big test for its planned data center-in-space ambitions, and it will use both Nvidia's graphics processing units (GPUs) and central processing units (CPUs).
Elon Musk. Image source: Getty Images.
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Originally published at www.fool.com.