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Tesla and xAI Plan to Keep Buying Chips From Nvidia and AMD, Musk Says

1. Elon Musk expects NVIDIA and AMD to be major chip suppliers. 2. xAI plans a facility for 1 million GPUs near Memphis. 3. Tesla requires many GPUs to train its Optimus robots. 4. AMD's shares saw slight decline despite previous rally. 5. Musk remains CEO of Tesla for at least five more years.

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FAQ

Why Bullish?

AMD's involvement in AI chip supply aligns with growing market demands. Historical surges followed similar partnerships, indicating potential upward trends.

How important is it?

AMD's direct involvement in supplying GPUs for high-demand applications like AI positions it favorably for future growth.

Why Short Term?

Immediate demand for GPUs from Tesla and xAI may generate quick sales and revenue boosts, affecting next quarter's results.

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