Elon Musk Declares GPU Monogamy: SpaceX Swears Off Intel, AMD for Nvidia
KEY POINTS
- •During SpaceX’s August 2026 earnings call, Elon Musk said the company will exclusively buy GPUs from Nvidia, praising their Vera Rubin architecture.
- •Nvidia CEO Jensen Huang complimented Musk's engineering work and highlighted their growing business relationship with Tesla, SpaceX, and xAI.
- •Despite doubling revenue to $7.8 billion, SpaceX posted a $541 million loss, triggering a 7% after-hours stock dip amid investor concerns.
On a star-studded Wednesday earnings call, Elon Musk announced SpaceX would exclusively buy Nvidia GPUs, specifically the ‘Vera Rubin’ architecture, blessing Nvidia with the GPU honeymoon of the century. Said Musk, 'We think it's the best AI computer,' basically dumping chip suitors Intel, AMD, and Broadcom like bad Tinder matches. Nvidia CEO Jensen Huang returned the sweet talk, praising Musk’s engineering skills and calling xAI’s Grok and Tesla’s AI 'world-class' — because nothing says romance like GPU love letters. Despite $7.8 billion Q2 revenue up 92%, and Starlink’s satellite internet glow-up, a $541 million loss crashed the party, sending shares down over 7%. Musk brags $100 billion ARR is just ‘if we did nothing,’ leaving Wall Street to brace for an Elon-priced budget.
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(1 of 3)Elon basically ghosted Intel and AMD to put a ring on Nvidia’s GPU finger, proving even SpaceX needs a tech 'one true love' while losing half a billion and bragging about passive billion-dollar ambitions.
SpaceX’s GPU commitment is the corporate version of swiping right so hard the other chipmakers sigh and update their online dating profile.
Elon Musk just showed chip diversification is for mere mortals—call it the SpaceX ‘all-in-on-Nvidia’ diet with a side of $541 million loss.
Source: Businessinsider | Published: 8/5/2026 | Author: Shubhangi Goel
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