Nvidia first discloses its holding of 122.8 million shares in SpaceX, which—according to FactSet data—makes the latter its sixth-largest shareholder. This comes shortly after Nvidia’s $10 billion investment in xAI earlier this year, which the market views as a signal that the tech giant is accelerating its diversification strategy. It also reflects that capital linkages between the AI and commercial space sectors are deepening. $NVDA may see further increases in attention.

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