Key Points
Nvidia (NASDAQ: NVDA) has been endorsed by Elon Musk, CEO of Tesla and SpaceX, as the preferred computing unit provider for both companies. During a Q2 conference call, Musk stated that SpaceX will build exclusively on Nvidia due to the capabilities of its Vera Rubin architecture, which significantly reduces inference costs and the number of GPUs required for AI model training.
Recent financial reports reveal that Nvidia is outperforming its competitor AMD (NASDAQ: AMD) in revenue growth; Nvidia’s total revenue rose 106%, while data center revenue increased 117%. In comparison, AMD’s total revenue increased by 50% and data center revenue by 107%. Notably, AMD shares trade at nearly three times the price of Nvidia shares, despite Nvidia’s superior performance and technology recognition in the AI field.
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