Benzinga
Benzinga
  • 6 months ago
Nvidia shares reached a record high of over $1,140.00 after reports that Elon Musk's AI company, xAI, will build a supercomputer requiring 100,000 semiconductors. xAI recently raised $6 billion in funding to develop products, infrastructure, and future AI technologies. The supercomputer is intended to compete with OpenAI and be operational by fall 2025. Nvidia's stock has more than doubled this year following strong earnings results. xAI may partner with Oracle to develop the supercomputer, sending Oracle shares up as well.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 NVIDIA shares reached a record high of over $1,140 after reports that Elon Musk's AI company
00:09 XAI will build a supercomputer requiring 100,000 semiconductors. XAI recently raised $6 billion
00:16 in funding to develop products, infrastructure, and future AI technologies. The supercomputer
00:21 is intended to compete with OpenAI and be operational by fall 2025. NVIDIA stock has
00:27 more than doubled this year following strong earnings results. XAI may partner with Oracle
00:32 to develop the supercomputer, sending Oracle's shares up as well. For all things money visit
00:36 Benzinga.com

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