$NVIDIA(NVDA)$
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On Tuesday, Deepwater Asset Management's managing partner, Gene Munster, noted that Elon Musk's AI enterprise xAI's plans for a massive investment could result in Nvidia Corporation as the biggest beneficiary.
In a post on X, Munster highlighted Musk's revelation on CNBC that his AI company, xAI, plans to deploy 1 million GPUs near Memphis.
The majority of the 1 million GPUs expected to be deployed will come from Nvidia, with a smaller portion supplied by Advanced Micro Devices, said Munster, adding that the estimated total cost of acquiring these chips could range between $30 billion and $40 billion.
“If it was done in CY26, it would account for about 15% of the current Street revenue estimate,” he stated, adding, “Good day to be an Nvidia salesperson.”
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