Business

Nvidia Gains from Musk’s Endorsement

Updated 2026-08-05 16:10 UTC 1 source Positive

Nvidia's stock surged after SpaceX CEO Elon Musk announced his company will use Nvidia chips for AI development. This high-profile endorsement is expected to boost Nvidia's market position in the tech sector.

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MarketWatch

Nvidia’s stock is basking in the glow of a high-profile endorsement

SpaceX CEO Elon Musk said his company will only use Nvidia’s chips to build its AI.

2026-08-05 15:51 UTC