Nvidia's stock saw an increase following positive recognition from Elon Musk's SpaceX. This boost may be further aided by struggles faced by its competitor Advanced Micro Devices (AMD). The article highlights the favorable market position Nvidia is gaining in the AI processor industry.

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Why Nvidia Stock Is the Big Winner From SpaceX Earnings

By Adam Clark

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Tesla CEO Elon Musk has previously praised Nvidia CEO Jensen Huang and Nvidia's chips. (Win McNamee/Getty Images)

Nvidiastock was gaining early Wednesday after the chip maker got a vote of confidence from Elon Musk’sSpaceX. It might not be hurting that its chief artificial-intelligence processor rivalAdvanced Micro Deviceslooks set for a bad day.

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