SpaceX crowned NVIDIA exclusive chip supplier for Starmind, sending NVDL up 7% while SPCQ surged 21% on ***** eX's massive capex-driven selloff.
AMD dropped 7% despite record revenue up 50% and data center sales doubling, losing the Starmind chip socket entirely to NVIDIA.
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A single catalyst is doing the sorting in the AI hardware trade today. ***** eX (NASDAQ:SPCX) released its first quarterly report since its June 2026 IPO after the close on August 4, and although the top-line numbers beat expectations, investors focused on the eye-watering pace of AI capital spending.
On the same evening, ***** eX named NVIDIA (NASDAQ:NVDA) its exclusive AI chip supplier for its new Starmind orbital compute program, with Elon Musk calling NVIDIA's Vera Rubin architecture the best available. That one storyline is powering today's two headline ETF movers in opposite directions, while AMD (NASDAQ:AMD), which lost out to NVIDIA, trades lower.
#starmind
AMD dropped 7% despite record revenue up 50% and data center sales doubling, losing the Starmind chip socket entirely to NVIDIA.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A single catalyst is doing the sorting in the AI hardware trade today. ***** eX (NASDAQ:SPCX) released its first quarterly report since its June 2026 IPO after the close on August 4, and although the top-line numbers beat expectations, investors focused on the eye-watering pace of AI capital spending.
On the same evening, ***** eX named NVIDIA (NASDAQ:NVDA) its exclusive AI chip supplier for its new Starmind orbital compute program, with Elon Musk calling NVIDIA's Vera Rubin architecture the best available. That one storyline is powering today's two headline ETF movers in opposite directions, while AMD (NASDAQ:AMD), which lost out to NVIDIA, trades lower.
#starmind
24 hours ago
