AMD, Nvidia shares jump after Musk emphasizes the Xai's GPU

Shares of Advanced Micro Devices Inc. AMD And Nvidia Corp Nvda move higher at the meeting on Tuesday after the hour after the hour Tesla Inc TSLA CEO Elon Muschus announced that the company expects to buy “a lot” GPUs from the chip companies.

What happened: Broadcast in an interview CNBCS “Close Bell: overtime”, Musk explained a vision for the future, which includes millions of completely autonomous robotaxi vehicles and Optimus -Bots. When asked how many GPUs the company need to make this vision reality, Musk said: “A few”.

“We expect us to still buy a lot of GPUs from Nvidia, some of AMD and maybe from others,” said Musk. “As long as Nvidia is better than what we do, we will continue to buy from Nvidia.”

Musk told CNBC that his vision is less than five years away. He also found that his AI company Xai is planning to continue to buy GPUs from Nvidia. He emphasized the training cluster of the AI ​​company, which he believes that it is currently the most powerful in the world, and over 200,000 GPUs in his facility in Memphis.

Musk also announced CNBC that Xai is currently building a second location that will have a million Nvidia Blackwell GPUS, which is expected to be completed in the next six to nine months.

“It will be the first training cluster of the world's gigawatt class,” he said.

In After-Hours at the time of publication on Tuesday, the AMD shares rose 0.77% at $ 114.38 and the Nvidia shares were just higher at the last check according to Benzinga Pro and $ 0.11%.

Photo: with the kind permission of Nvidia.