NVIDIA Shares Surge 10% Weekly as AI Chip Concerns Ease

NVIDIA stock jumps over 10% this week amid improved sentiment. SpaceX plans to use NVIDIA chips for data centers, while supply constraints persist.

Woofun AI reports that NVIDIA shares have climbed more than 10% this week, coinciding with an 8% rise in the Philadelphia Semiconductor Index. Market sentiment has shifted from previous concerns regarding AI infrastructure investment scales and high valuations. Elon Musk stated during SpaceX's inaugural earnings call that the firm will construct data centers on Earth and in space utilizing exclusively NVIDIA chips.

Meanwhile, HBM memory supply constraints remain a focus, with NVIDIA testing a Rubin Ultra chip variant featuring reduced HBM configurations to mitigate global shortages.