This One Word On SpaceX’s First Earnings Call Cost It 11%, And Sent Nvidia Higher

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SpaceX (SPCX) stock closed down about 14% on Wednesday, while Nvidia (NVDA) rose and Advanced Micro Devices (AMD) fell. All three moves traced back to one word Elon Musk used on SpaceX’s first earnings call: « exclusively. » The SpaceX CEO said the company would build its artificial intelligence systems only on Nvidia chips from now on.

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