Elon Musk's 'The Next Big Thing' At xAI Showcases Nvidia's Market, Says Analyst Pierre Ferragu: 'This Is Huge'
Portfolio Pulse from Ananya Gairola
Elon Musk's AI company xAI plans to invest in Nvidia's next-generation AI chips, the Blackwell B200s, highlighting Nvidia's market dominance. Analyst Pierre Ferragu emphasizes the significant performance and cost improvements of the B200s over the H100s. Nvidia's AI infrastructure is in high demand, with major clients like Microsoft, Meta, and Google increasing their capital expenditures.
June 03, 2024 | 8:03 am
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Elon Musk's xAI plans to invest in Nvidia's Blackwell B200s, highlighting Nvidia's market dominance. Analyst Pierre Ferragu emphasizes the significant performance and cost improvements of the B200s over the H100s.
The news indicates a significant investment by xAI in Nvidia's next-generation AI chips, which underscores Nvidia's market leadership and technological advancements. This is likely to positively impact Nvidia's stock price in the short term.
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