TLDR
NVIDIA stock climbed 3.1% to $217.56 during Monday morning trading as investors assessed new AI spending developments.
SpaceX announced a binding $40 billion financing commitment for NVIDIA Vera Rubin processors, with deliveries expected in 2027.
Anthropic filed for a public listing, while Morgan Stanley raised its projected US data center power shortfall to 38 gigawatts.
Meta announced approximately $35 billion in share offerings and a potential $60 billion additional sale program.
Cadence introduced NVIDIA-powered chip design tools, while NVIDIA participated in Higgsfield’s latest funding extension.
NVIDIA (NVDA) stock rose 3.1% on Monday, October 26, reaching $217.56 in morning trading after opening at $213.08. The chipmaker advanced as investors reviewed AI spending plans, a major processor financing agreement, and Anthropic’s filing for a public share offering.
NVIDIA Stock Climbs Following SpaceX Agreement
SpaceX announced a binding commitment for approximately $40 billion in financing leases covering NVIDIA Vera Rubin processors and related equipment. Apollo manages the financing entity. SpaceX expects the agreement to close before year-end, with equipment deliveries starting in the first half of 2027.
Anthropic separately filed a registration statement with US regulators for a planned stock market listing. Its Anthropic IPO filing disclosed substantial computing commitments, including agreements involving NVIDIA. The filing does not yet set a share price or offering date.
Morgan Stanley Raises Data Center Estimates
Morgan Stanley increased its projected US data center power shortfall for 2026 through 2028 to 38 gigawatts, compared with 33 gigawatts previously. The bank now estimates total demand at 116 gigawatts and continues to favor NVIDIA among semiconductor stocks.
The revised forecast concerns electricity needs rather than confirmed chip orders. Data centers require power to operate processors, cooling systems and other equipment. AMD and Broadcom shares rose during Monday’s session, alongside gains across the wider chip sector.
NVIDIA Partnerships Reach Chip Design and Video
Cadence Design Systems introduced Maestro, a suite of AI tools for chip design that uses NVIDIA’s open Nemotron technology. The announcement followed a recent NVIDIA Vera server launch by Super Micro Computer, which targets large-scale AI computing operations.
NVIDIA participated in a funding extension for Higgsfield, an AI video creation company. Higgsfield announced the investment on October 23 alongside new funding from TCV. The company uses NVIDIA hardware and software to produce video and images for business customers.
Meta Funding Adds to AI Spending Plans
Meta launched approximately $35 billion in share offerings and outlined a possible $60 billion sale program for 2027. NVIDIA, AMD and Broadcom expressed nonbinding interest in buying up to $5 billion of Meta shares combined. NVIDIA’s earlier stock advance reflected similar attention to data center demand.
The Nasdaq gained 1.3%, while the S&P 500 rose 1% and the Dow added 0.5% during the reported session. Investors also awaited major technology earnings and the Federal Reserve’s policy decision later this week. NVIDIA shares traded between $212.61 and $217.75 intraday.
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