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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the continued dominance of the semiconductor sector over big tech ambitions, Nvidia shares rose approximately 2% in premarket trading. This momentum follows Elon Musk's announcement that SpaceX will build its future AI infrastructure exclusively using Nvidia hardware. According to reports, this exclusive commitment reinforces the company's competitive moat against rivals in the advanced hardware space.
The announcement led to diverging performance within the chip sector, as competitors like AMD saw a negative outlook following their exclusion from SpaceX's infrastructure plans. Per market data, AMD closed at $211.94 on August 4, 2026, while INTC stood at $211.94 and TSM at $417.17 on the same date, highlighting the challenges peers face in securing similar exclusive partnerships.
At the close of August 4, 2026, NVDA was priced at $211.94, having reached a day high of $213.06. Traders are monitoring the sustainability of these gains as the market digests the implications of the SpaceX partnership. Looking ahead at the economic calendar, there are no immediate major catalysts scheduled for the tech sector, leaving price action driven by sector dynamics and institutional reports.