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 AI company, xAI, plans to invest $30–$40 billion in 1 million GPUs near Memphis, primarily from Nvidia. Gene Munster of Deepwater Asset Management highlighted this potential, suggesting it could significantly boost Nvidia's revenue. Nvidia is set to report earnings on May 28, with analysts expecting earnings of 89 cents per share on $43.07 billion in revenue. Currently, Nvidia shares are trading at $134, with a consensus price target of $172.32, indicating potential growth.
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