NVIDIA, Intel and SanDisk rose in premarket trading after Elon Musk described how fast SpaceX is adding AI computing capacity on its earnings call. SpaceX ended Q3 with 1.7 gigawatts of rated compute, $19.6 billion in capital expenditures, and guided Q4 spending to $35 billion–$40 billion. Musk's targets include about 200,000 NVIDIA Blackwell Ultra chips coming online each month through 2026, 2.5–3 gigawatts online by year-end, and at least 13 gigawatts by the end of 2027, though SpaceX disclosed no chip purchase orders. Gains faded after the open, but all three were still up at 11 a.m. ET, following a month in which SanDisk fell 21.35% and Intel fell 14.14%. The article argues one morning proves little, since these are unsigned management targets and compute is leased at spot-market rates, while Truist called the quarter a supportive data point for AI cloud providers.
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NVDASpaceXElon Muskcloud computing
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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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