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AMD reveals $565 million stake in SpaceX, despite Elon Musk's exclusive Nvidia AI chip deal
Advanced Micro Devices (AMD) disclosed a stake of over $565 million in SpaceX, holding approximately 3.3 million shares, as revealed in recent 13F filings following SpaceX's June IPO. This investment comes despite Elon Musk's previous statement that SpaceX's AI infrastructure would be built exclusively on Nvidia chips. Analysts suggest AMD's move is a financial investment in SpaceX's broader growth (including Starlink and satellite businesses) rather than a bet on securing AI chip contracts.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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ETH cross-exchange spread hits 1.11%
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ETH (Ethereum) dropped rapidly by 5.38% within 4 hours, currently trading at $1,741.43
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ZEC (Zcash) surged 6.23% in a short-term rally over the past 4 hours, currently trading at $878.990
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LINK (Chainlink) fell 6.04% in 4 hours, currently trading at $8.613
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XRP surged 6.54% in a 4-hour window, currently trading at $0.9548
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HYPE (Hyperliquid) is up 6.19% in the past hour, currently trading at $66.580
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ZEC (Zcash) surged 9.65% in a 1-hour short-term rally, currently trading at $928.310
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ETH (Ethereum) surged 5.32% within 1 hour, currently trading at $1,809.73
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CNBC: Berkshire Hathaway Closes at All-Time High for Fourth Consecutive Session, Class A Shares Up 19.1% Since Q4
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TechCrunch: Petition Calling for Jensen Huang to Return to Office Reaches Over 115k Signatures, Backed by Musk and Others
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