CoreWeave (CRWV) rose 5% and Nebius (NBIS) climbed 6% overnight, while Nvidia (NVDA) gained 2% and Intel (INTC) 4%, after Elon Musk said SpaceX could rent out its compute “several times over” amid strong demand from hyperscalers and smaller firms. Deepwater's Gene Munster said SpaceX's Super Intelligence segment beat expectations by 17%, generating $7.6 billion in Q3 revenue, while ARK's Brett Winton said renewal prices on the same chips are rising year over year. SpaceX ended September with 1.7 gigawatts of nameplate compute capacity and expects 2.5 to 3 GW by year-end, and Musk said he would be surprised if it brought on less than 13 GW by the end of 2027. The company spent $19.6 billion on capital expenditure in Q3, and Dan Niles said its Q1 revenue and Q4 capex forecasts sit well above consensus.
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Keywords
NVDACoreWeavecloud computingartificial intelligence
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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