Musk Endorses Nvidia as 'Best AI Computer' Amid Growing Competition

SpaceX and Nvidia have been partners for some time now. CEO Elon Musk recently gave a glowing endorsement of Nvidia's products, stating that they make 'the best AI computer'. This comes after SpaceX announced plans to exclusively use Nvidia's new Vera Rubin architecture by the end of the year.

Musk's technical expertise is well known, and his endorsement gives Nvidia investors confidence in their investment. The partnership between SpaceX and Nvidia also means that a large portion of the $28.5 billion that SpaceX spent on capital expenditures this year will likely go towards Nvidia products.

Despite this, the author believes that Nvidia's stock price is not overvalued, with a forward PE ratio of less than 24 times earnings. The company has delivered significant growth and could be a good investment option for those looking to invest in AI computing.