WS #13435
SpaceX beats revenue estimates but stock falls on massive AI capex, while committing exclusively to Nvidia GPUs, a positive for NVDA but a competitive threat to AMD. Fed's Schmid warns inflation is 'too high' and 'worrisome', with AI investment adding to price pressures, suggesting tighter monetary policy may be needed, which could pressure high-multiple tech stocks and support the dollar.
SpaceX Earnings and AI Spending
SpaceX beats revenue estimates but stock falls on massive AI capex, while committing exclusively to Nvidia GPUs, a positive for NVDA but a competitive threat to AMD.
Fed's Schmid warns inflation is 'too high' and 'worrisome', with AI investment adding to price pressures, suggesting tighter monetary policy may be needed, which could pressure high-multiple tech stocks and support the dollar.