Overview
- Nvidia shares closed Friday at $223.96 after a more than 10% weekly gain that helped lift the Philadelphia Semiconductor Index by over 8%.
- Elon Musk said on SpaceX’s first earnings call on Tuesday that the company will deploy Nvidia’s Vera Rubin‑based NVL72 rackscale systems on Earth and launch modified versions of those racks into orbit.
- The Information reported that Nvidia is testing reduced high‑bandwidth memory (HBM) configurations for its next Rubin Ultra chip, a single‑source claim that Nvidia has not confirmed and that highlights memory‑supply uncertainty.
- Nvidia’s strong position is supported by its May quarter beat—$1.87 EPS on $81.61 billion revenue—and management’s $80 billion share buyback and higher quarterly dividend, actions that helped restore investor confidence.
- Rising demand from a high‑profile customer like SpaceX could deepen competition with AMD and others, strain memory supply chains that shape product specs, and raise technical and logistical questions for operating racks in orbit.