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SpaceX Just Announced Fantastic News to Nvidia Stock Investors

The Motley Fool·
SpaceX Just Announced Fantastic News to Nvidia Stock Investors

SpaceX and Google announced a multiyear compute capacity agreement worth $920 million per month, where SpaceX will provide Google access to 110,000 Nvidia GPUs from October 2026 to June 2029. The deal is viewed as positive for Nvidia, as Google's decision to rent Nvidia-powered capacity at scale suggests that custom chip competition (ASICs) is not yet capable of replacing the flexibility and software ecosystem that Nvidia GPUs provide, reinforcing Nvidia's dominant position in AI infrastructure.

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