We use cookies and similar technologies to improve your experience, serve personalized ads, and analyze traffic. You can manage your preferences or accept/reject all.
Cookie Preferences
EssentialRequired for the site to function. Always active.
AnalyticsHelp us understand how visitors interact with the site.
AdvertisingUsed to deliver personalized ads.
FunctionalEnable enhanced functionality and personalization.
Markets · Investing · Business
Finance
SpaceX Is Spending Big on AI. The Biggest Winner From That Could Be Nvidia
The space company is going to exclusively rely on Nvidia's artificial intelligence chips for its tech infrastructure.
Space Exploration Technologies Corp (NASDAQ: SPCX), also known as SpaceX, is investing heavily in artificial intelligence (AI). While the business may be known for its rockets, it's actually the AI segment of its operations that takes up the lion's share of its capex. While that can lead to significant growth potential for SpaceX and help the stock become more valuable in the future, there's plenty of risk involved with it.
The stock that might inevitably be the biggest winner from SpaceX's feverish AI spending is none other than chipmaking giant Nvidia (NASDAQ: NVDA). Here's why.
Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
What moved overnight · what to watch today · pre-positioning notes from our desk. Delivered to your inbox at 6:30 AM Dubai.
No spam. Unsubscribe in one click. We never sell your email.
We use cookies and similar technologies to improve your experience, serve personalized ads, and analyze traffic. You can manage your preferences or accept/reject all.
Cookie Preferences
EssentialRequired for the site to function. Always active.
AnalyticsHelp us understand how visitors interact with the site.
AdvertisingUsed to deliver personalized ads.
FunctionalEnable enhanced functionality and personalization.
