Nvidia Stock Pops After Hours As Elon Musk Says SpaceX Is Adding 200,000 Chips a Month — Daniel Newman Says NVDA Is 'Ripping'

Nvidia Corp. (NASDAQ:NVDA) rose more than 2% in after-hours trading Tuesday on news that Space Exploration Technologies Corp.(NASDAQ:SPCX) CEO Elon Musk expects to bring thousands of Nvidia chips online every month through year-end, which Futurum Group CEO Daniel Newman said shows the chipmaker's projections playing out. SpaceX Is Bringing 200,000 Nvidia GPUs Online Musk said on SpaceX's third-quarter earnings call on Tuesday that the company is "tracking to be able to bring roughly 200,000" Nvidia GB300s online per month for the rest of the year, with next year "primarily Vera Rubin compute.