Drone Footage Reveals Tesla Giga Texas Expansion Work To House 50,000 Nvidia GPUs: CEO Elon Musk Says 'We Would Be Nothing Without Our Fans'
Portfolio Pulse from Anan Ashraf
Tesla is expanding its Giga Texas factory to house 50,000 Nvidia GPUs, enhancing its AI capabilities. The expansion includes installing large fans for cooling. Tesla plans to spend $3-4 billion on Nvidia hardware this year.
June 20, 2024 | 5:45 am
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Nvidia will supply 50,000 GPUs to Tesla for its Giga Texas factory expansion, with Tesla planning to spend $3-4 billion on Nvidia hardware this year.
Tesla's substantial investment in Nvidia GPUs for its AI initiatives is a positive development for Nvidia. This deal is likely to boost Nvidia's revenues and positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Tesla is expanding its Giga Texas factory to accommodate 50,000 Nvidia GPUs, which will enhance its AI capabilities. The expansion includes installing large fans for cooling. Tesla plans to spend $3-4 billion on Nvidia hardware this year.
The expansion of Giga Texas and the significant investment in Nvidia GPUs indicate Tesla's commitment to advancing its AI capabilities. This is likely to positively impact Tesla's stock price in the short term as it demonstrates growth and innovation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100