SpaceX AI growth puts Nvidia and CoreWeave stocks in focus as demand for computing power rises

SpaceX reported rapid growth in its Super Intelligence business and substantial spending on AI computing capacity. The report says that demand could create opportunities for Nvidia and CoreWeave, while highlighting CoreWeave’s debt and customer-concentration risks and noting that stock gains are not assured.

• SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year; Super Intelligence revenue was $7.6 billion, up 830%.· 1 source
• SpaceX spent $16.4 billion on Super Intelligence capital expenditure in the third quarter, a 245.5% increase from the same period a year earlier.· 1 source
• The report describes Nvidia as an AI-chip supplier and CoreWeave as a provider of rented computing capacity, while identifying debt and customer concentration as risks for CoreWeave.· 1 source