Nvidia shares climbed to $219.78 by mid-morning Wednesday, up 3.70%, after SpaceX confirmed the chipmaker would serve as the exclusive hardware provider for the space and technology company's future artificial intelligence infrastructure, a deal that expands Nvidia's reach beyond the traditional data center customers that have driven its rapid growth in recent years.

The gain came even as several of Nvidia's chipmaking peers, including AMD, Intel and Micron, traded lower Wednesday, a divergence that traders attributed directly to the newly disclosed SpaceX partnership rather than broader sector-wide momentum.

SpaceX Commits to Nvidia Exclusively

The announcement came during SpaceX's first earnings call as a newly public company, where Chief Executive Elon Musk confirmed the company would standardize its artificial intelligence infrastructure entirely on Nvidia hardware. The decision hands Nvidia another major AI customer and extends its opportunity into new categories of infrastructure investment beyond the hyperscale cloud providers that have historically represented the bulk of its data center revenue.

SpaceX's own results underscored the scale of its ambitions in this area. The company reported second-quarter capital expenditures of $18.4 billion, with roughly $15.8 billion, or about 86% of that total, directed toward expanding AI computing and cloud infrastructure. SpaceX said it expects to have more than 2 gigawatts of AI computing capacity online by the end of 2026, with that figure growing toward 10 gigawatts in 2027, while the broader power and cooling infrastructure supporting those systems is being designed to eventually handle........

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