Musk Says Tesla Would Buy More Nvidia AI Chips, If Only Nvidia Had Enough of Them
's (NASDAQ: TSLA) quarterly earnings calls are always a highlight. CEO Elon Musk often says some wild things, but praise for competitors isn't often among them.
That's why it was noteworthy that Musk mentioned none other than AI chip leader Nvidia (NASDAQ: NVDA) on the call a couple of times. The implications for Nvidia shareholders are significant.
A couple of years ago, Tesla officially announced its newest supercomputer, Dojo -- a massive data center used to train its full self-driving (FSD) software for its cars. Along with the announcement, it was revealed the electric vehicle leader had also developed its own chip, called the D1, to train the AI algorithms needed for FSD. This was a big deal, because up to this point, Tesla had been using Nvidia GPUs to power this AI training.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 56 Buy predictions and 27 Sell predictions.
With a target price of 242 € there is a positive potential of 43.88% for Tesla Inc compared to the current price of 168.2 €.