Elon Musk says xAI expects to keep buying GPUs from Nvidia and AMD
1. xAI plans to continue purchasing GPUs from Nvidia and AMD. 2. AMD's GPU sales may rise due to xAI's demand.
FAQ
Why Bullish?
Increased GPU sales from xAI could positively affect AMD's revenue. Historically, GPU demand from AI sectors has driven AMD prices higher.
How important is it?
The mention of continued GPU purchases signals potential revenue growth for AMD. As AI-driven demand surges, AMD's market position strengthens.
Why Short Term?
Increased orders from xAI may influence AMD's sales figures promptly. Market reactions may surface in the upcoming earnings reports.