Nvidia Stock Soars As Elon Musk Spotlights Latest AI Milestone

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STORY HIGHLIGHTS

xAI launched the Memphis Supercluster training center today.

Elon Musk lauded Nvidia for the support extended toward this milestone.

The Nvidia stock gained over 2% in the pre-market session today after this announcement.

On Monday, July 22, Nvidia’s stock saw a significant boost in the pre-market trading session. This rebound comes in the wake of a sharp decline last week, where the stock plummeted over 10%. The turnaround was driven by a notable endorsement from Elon Musk, who highlighted a major achievement involving Nvidia’s technology.

In a post on X, Elon Musk celebrated the initiation of training for xAI’s Memphis Supercluster.

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