Key Points
-
Nvidia and AMD are the two dominant designers of GPUs used for artificial intelligence (AI) workloads.
-
During SpaceX’s second-quarter earnings call on August 4, 2023, CEO Elon Musk announced that SpaceX will build exclusively on Nvidia’s Vera Rubin architecture for its AI computing needs.
-
Nvidia’s market cap stands at approximately $5.3 trillion, with second-quarter data center revenue reaching $89 billion, a 117% year-over-year increase. In comparison, AMD’s market cap is about $830 billion, with data center revenue of $6.7 billion, up 107% year-over-year.
Elon Musk has reiterated SpaceX’s commitment to Nvidia’s chips for projects including orbital data centers and satellite operations, leveraging clusters of GPUs for advancements in artificial intelligence. This collaboration follows a broader trend among major tech players like Amazon and Microsoft, who are sourcing solutions from both Nvidia and AMD due to supply constraints and diverse workload requirements.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
