Nvidia and AMD’s participation in xAI’s funding round means they are directly financing a rival to their major customers.

Microsoft bought more than twice as many of Nvidia's flagship chip than any of its biggest rivals like Meta and Google.

Fundstrat's Tom Lee says that Nvidia could grow tenfold over the next decade, potentially reaching $1 trillion in revenue.

Satya Nadella, Microsoft's CEO, and believed to be a big customer of Nvidia was talking about abundant chip supply in a recent interview.

"I'm not chip supply constrained," Microsoft CEO Satya Nadella said in a recent interview. Nvidia stock has dropped 7% since the comments.

The vast majority of Nvidia’s coveted AI chips were bought by just a handful of the largest tech companies.

According to DigiTimes, Musk was involved in a deal between xAI and Nvidia — reportedly personally contacting Nvidia Chief Executive Officer Jensen Huang and offering more than $1 billion for a cluster of GB200 GPUs. As it relates to xAI specifically, take a look at what Musk posted on X (formerly Twitter) back in September.

This chart features all eight American technology stocks with valuations of $1 trillion or more, and their respective returns in 2024 so far. Buying an exchange-traded fund (ETF) with a high level of exposure to those trillion-dollar market leaders might be a simpler option for investors compared to buying them individually.

Could Nvidia stock fall by about 50% to levels of around $65 in the near term from the roughly $130 level it is at currently? We believe this is a real possibility. Nvidia has seen its business boom,

Nvidia's stock was surging 3.4% in recent trading and has climbed tktktk amid a 3-day win streak amid [broad interest in chips stocks](

"Microsoft’s outperformed just about every other asset I could have owned. It’s a little hard to say that it hasn’t worked out."

OpenAI backer Microsoft ( NASDAQ:MSFT) bought 485,000 Nvidia ( NASDAQ:NVDA) Hopper AI chips in 2024, more than twice the acquisitions of its nearest US rivals, based on estimates by tech consultant Omdia quoted by the Financial Times.