NVIDIA shares are trading higher on reports Elon Musk's xAI plans to build a supercomputer that will power its Grok AI chatbot.
Portfolio Pulse from Benzinga Newsdesk
NVIDIA shares are trading higher following reports that Elon Musk's xAI plans to build a supercomputer to power its Grok AI chatbot.

May 28, 2024 | 1:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
NVIDIA shares are experiencing an uptick due to reports that Elon Musk's xAI intends to build a supercomputer to support its Grok AI chatbot, which likely involves NVIDIA's technology.
The news suggests a direct demand for NVIDIA's technology in the construction of a supercomputer for xAI's Grok AI chatbot, which is likely to positively impact NVIDIA's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100