Dan Ives, Jim Cramer And Sawyer Merritt Back Elon Musk's Plan For Tesla's $5B Investment In Grok Parent xAI
Portfolio Pulse from Pooja Rajkumari
Elon Musk's proposal for Tesla to invest $5 billion in Grok parent xAI has received support from market experts Dan Ives, Jim Cramer, and Sawyer Merritt. The investment aims to capitalize on xAI's advancements, including the training of the Memphis Supercluster with 100,000 Nvidia H100 GPUs.
July 24, 2024 | 12:08 pm
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Elon Musk's proposal for Tesla to invest $5 billion in xAI has received support from market experts. This investment could enhance Tesla's AI capabilities and potentially drive future growth.
The support from influential market experts suggests a positive market sentiment towards the investment. The $5 billion investment in xAI could significantly enhance Tesla's AI capabilities, potentially driving future growth and innovation.
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