Nvidia Stock Rises on Report It’s Investing in Elon Musk’s xAI
1. Nvidia may invest $2 billion in Musk's xAI for AI growth. 2. Bank of America maintains Buy rating, focusing on data center construction. 3. Nvidia shares gained 0.8%, outperforming S&P 500's 14% YTD growth. 4. Analysts deem vendor financing concerns for AI as overstated. 5. Nvidia is consolidating its status in the AI chip market amid competition.