Elon Musk's xAI Plans $30–$40 Billion GPU Buy Near Memphis — Gene Munster Says Its A 'Good Day' To Be A Nvidia Salesperson

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Elon Musk's xAI Plans $30–$40 Billion GPU Buy Near Memphis — Gene Munster Says Its A 'Good Day' To Be A Nvidia Salesperson - Benzinga

Quick Summary:

On Tuesday, Deepwater Asset Management's managing partner, Gene Munster, noted that Elon Musk's AI enterprise xAI's plans for a massive investment could result in Nvidia Corporation (NASDAQ:NVDA) as the biggest beneficiary.

What Happened: In a post on X, formerly Twitter, Munster highlighted Musk's revelation on CNBC that his AI company, xAI, plans to deploy 1 million GPUs near Memphis.

The majority of the 1 million GPUs expected to be deployed will come from Nvidia, with a smaller portion supplied by Advanced Micro Devices (NASDAQ:AMD), said Munster, adding that the estimated total cost of acquiring these chips could range between $30 billion and $40 billion.