'Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Elon Musk has directed Nvidia to redirect thousands of AI chips initially reserved for Tesla to his other ventures, X and xAI. This move could impact the operations and stock prices of both Nvidia and Tesla.
June 04, 2024 | 1:03 pm
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NEGATIVE IMPACT
Elon Musk has ordered Nvidia to redirect AI chips reserved for Tesla to X and xAI. This could impact Tesla's AI development and production timelines.
The redirection of AI chips from Tesla to X and xAI could delay Tesla's AI development and production timelines, potentially affecting its stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Nvidia has been directed by Elon Musk to ship thousands of AI chips reserved for Tesla to X and xAI. This could affect Nvidia's supply chain and sales projections.
The redirection of AI chips could impact Nvidia's supply chain and sales projections, but the overall effect on the stock price is uncertain as it depends on how Nvidia manages the reallocation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80