Nvidia stock rises after Musk says SpaceX will exclusively use company's chips

Nvidia's stock saw a significant rise after Elon Musk announced that SpaceX will exclusively use Nvidia's AI systems for its services, highlighting a strong partnership between the two companies. SpaceX plans to build substantial computing capacity, including launching Nvidia's Vera Rubin NVL72 rackscale system both on Earth and in space as part of its Starmind satellite program. This move comes as SpaceX reported a substantial increase in AI revenues, driven by cloud service agreements and subscriptions.