Tesla Investor Ross Gerber Thinks Elon Musk's Decision To Redirect Nvidia AI Chips To X, xAI Is A 'Weird Excuse'
Portfolio Pulse from Benzinga Neuro
Tesla investor Ross Gerber criticized Elon Musk for redirecting Nvidia AI chips meant for Tesla to his social media company, X, and xAI. This move could delay Tesla's supercomputer development, crucial for its AI and robotics advancements. Tesla stock closed 0.86% lower, while Nvidia closed 1.25% higher.
June 05, 2024 | 6:17 am
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NEGATIVE IMPACT
Tesla's redirection of Nvidia AI chips to X and xAI could delay its supercomputer development, crucial for AI and robotics advancements. This has raised concerns among investors and critics.
The redirection of Nvidia AI chips from Tesla to X and xAI could delay Tesla's progress in AI and self-driving technology, areas where the company has heavily invested. This has led to a negative sentiment among investors, reflected in the stock's 0.86% decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nvidia's stock closed 1.25% higher, possibly due to the increased demand and visibility of its AI chips, despite the controversy surrounding their redirection from Tesla to X and xAI.
Despite the controversy, Nvidia's stock rose, likely due to the increased demand and visibility of its AI chips. The redirection of chips to X and xAI highlights the importance and demand for Nvidia's technology.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80