Nvidia Soars On Tesla Chief Musk's AI Startup Plans; Is Nvidia A Buy Now?
Nvidia soared yet again on Tuesday after Tesla CEO Elon Musk indicated the AI chip leader would be a supplier for his AI startup xAI. Musk's startup raised $6 billion in the latest round of funding over the weekend and plans to build a supercomputer to support its AI chatbot. A lower price would make Nvidia a candidate for the Dow 30, which is a price-weighted index.