Elon Musk Just Gave Nvidia Investors 20 Billion Reasons to Cheer

New artificial intelligence (AI) computing deals seem to be announced each week. This is a great sign, as it shows that the demand is there for increased AI investment. However, it's an even bigger deal for the computing suppliers, as it allows them to map out production to meet this demand.While OpenAI has made some sizable and notable deals, Elon Musk's xAI is also making waves. xAI and Nvidia (NASDAQ: NVDA) are reportedly signing a $20 billion deal to provide xAI with its graphics processing units (GPUs) for its Memphis Colossus 2 data center.This is another huge deal that cements Nvidia's place as the top option on which to build AI models. However, after Nvidia's remarkable run, is it still worth buying?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool