Several chip stocks are in the spotlight Tuesday after NVIDIA Corp (NASDAQ:NVDA) shares popped on reports that Elon Musk’s xAI plans to build a supercomputer that will power its Grok AI chatbot.
What To Know: According to a weekend report from the Information citing a presentation to investors, Musk aims to build a massive supercomputer powered by Nvidia chips and get it running by the fall of 2025.
The report indicates that the supercomputer would be at least four times the size of the largest GPU clusters that currently exist. Musk’s xAI could reportedly partner with Oracle Corp (NYSE:ORCL) for development of the supercomputer, which will incorporate Nvidia’s flagship H100 GPUs.
Earlier this ...