AMD, Nvidia Shares Jump After Musk Highlights xAI's GPU Needs: 'We Expect To Still Buy A Lot'

About AMD, Nvidia Shares Jump After Musk Highlights xAI's GPU Needs: 'We Expect To Still Buy A Lot'

Shares of Advanced Micro Devices and Nvidia experienced a significant rise after Tesla CEO Elon Musk revealed that xAI has a substantial demand for GPUs. Musk's statement about the expectation to purchase "a lot" of GPUs from these chip manufacturers fueled investor interest, causing the after-hours stock value surge. This short 51-second video highlights the impact of Musk’s announcement on the stock market, providing insights into how the growing need for powerful GPUs influences major tech companies.