Elon Musk's comments during SpaceX's Q3 earnings call about rapidly expanding AI computing capacity sparked a premarket rally in chip stocks including NVIDIA, Intel, and SanDisk. Musk expects to increase SpaceX's AI compute power to 2.5-3 gigawatts by year-end and add up to 13 gigawatts in 2027, signaling strong future demand for AI chips. Despite this, the rally's sustainability remains uncertain as Musk leases compute capacity on spot market rates without long-term contracts. The market will watch if Intel and SanDisk can maintain gains, as October has seen significant AI infrastructure stock declines.
On Pluang as of Oct 21, 2026 22:21 WIB, Nvidia shares rose 1.58% to USD 219.90 following the AI-related rally. Intel's stock gained a modest 0.25%, trading at USD 91.92, while SanDisk increased by 0.85% to USD 1,377.02. SpaceX itself surged 9.47% to USD 161.78, showing strong investor interest in the company's AI compute expansion plans.
Schneider Electric introduced its RapidScale Modular Data Center Reference Design 115, a prefabricated blueprint optimized for AI infrastructure using NVIDIA's Vera Rubin platform and advanced liquid cooling. This design addresses the growing demand ...
CrowdStrike announced an expanded partnership with NVIDIA to integrate AI threat detection into NVIDIA's hardware, enhancing security against rogue AI agents. This collaboration lifted CrowdStrike shares by 4%, while related cybersecurity and observa...
Nvidia reported a 106% jump in quarterly revenue to $96.22 billion and projects $108 billion next quarter, signaling rapid growth driven by AI demand. Despite this, its stock is up just 15% year-to-date due to concerns over AI funding and supply cons...
ByteDance, Alibaba, and Tencent have placed chip orders with Nvidia worth over $35 billion, exceeding what Nvidia can produce in a year. These orders are primarily for the RTX PRO 5500 graphics cards used in AI inference, with deliveries expected to ...
IREN's stock plummeted nearly 43% this month to a 52-week low of $26.62 amid shrinking earnings expectations and a missed revenue target. Despite this, top Wall Street analysts maintain bullish price targets near $100, implying about 192% upside, bas...
