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Nvidia Surges 3.4% Yesterday on Musk's Praise for Vera Rubin Chip, Up 15.4% Over Five Days

2026-08-06 03:01:41

NVDA-1.42%

According to Musk at SpaceX's earnings call yesterday (Aug 5), Nvidia stock surged 3.4%, extending gains to a fifth consecutive trading day with a cumulative jump of 15.4%. Musk called Nvidia's forthcoming Vera Rubin chip architecture "the best" and announced that SpaceX has decided to fully adopt Nvidia products. "We believe it's the best AI computer, and we highly value our close partnership with Nvidia across multiple areas," Musk said. He also disclosed that SpaceX will acquire a significant percentage of Nvidia's GPUs next year, with plans to deploy over 2GW of AI compute capacity by year-end and scale to nearly 10GW by end of 2027.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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