Nvidia Surges for Third Day as Earnings Rally Tops $460 Billion
- The chipmaker has rallied for three days after earnings
- Latest gains came after report on Musk’s supercomputer goals
Nvidia H100 chips inside a server room in Navi Mumbai, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Nvidia Corp. shares are surging for a third day as Elon Musk fueled the artificial-intelligence frenzy by accelerating his challenge of OpenAI, extending a post-earnings rally that’s added some $470 billion to the chipmaker’s market capitalization.
Nvidia stock rose on Tuesday after Musk’s artificial-intelligence startup, xAI, raised $6 billion from investors. The Information reported that Musk aims to connect groups of Nvidia’s H100 graphics processing units to construct an xAI supercomputer.