Nvidia Stock Rises on Report It’s Investing in Elon Musk’s xAI

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📅 Published: 2025-10-08 13:42 📰 Source: Yahoo 📝 Words: 61

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Nvidia stock was rising early Wednesday. The leading AI chip maker was on track to snap a three-day losing streak after a report that it could invest in Elon Musk’s xAI. Nvidia is one of the backers, and could invest as much as $2 billion in the privately held AI start-up, according to Bloomberg, citing people with knowledge of the matter.

📄 Summary

Nvidia stock was rising early Wednesday. The leading AI chip maker was on track to snap a three-day losing streak after a report that it could invest in Elon Musk’s xAI. Nvidia is one of the backers, and could invest as much as $2 billion in the privately held AI start-up, according to Bloomberg, citing people with knowledge of the matter.

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