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

Benzinga LogoBenzinga13h ago

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

Quick Summary:

Shares of Advanced Micro Devices Inc (NASDAQ:AMD) and NVIDIA Corp (NASDAQ:NVDA) are moving higher in Tuesday’s after-hours session after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced that the company expects to purchase “a lot” of GPUs from the chip companies.

What Happened: In an interview aired on CNBC’s “Closing Bell: Overtime,” Musk laid out a vision for the future that includes millions of fully autonomous robotaxi vehicles and Optimus bots.

When asked how many GPUs the company will ...

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AMD, Nvidia Shares Jump After Musk Highlights xAI's GPU Needs: 'We Expect To Still Buy A Lot' - Benzinga (Picture 1)

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 21:14:39 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 350 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28882131

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 26 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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The story "AMD, Nvidia Shares Jump After Musk Highlights xAI's GPU Needs: 'We Expect To Still Buy A Lot'" was covered 13 hours ago by Benzinga, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 26 news stories per day.

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  • URL: https://vaccinium.beamstart.com/news/amd-nvidia-shares-jump-after-17477762149238

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