Nvidia Wins Big as Elon Musk Predicts Rising Memory Prices

Nvidia emerged as a major winner from SpaceX's first earnings call, with Elon Musk announcing that Nvidia would be its exclusive chip provider for future projects. This news sent Nvidia's stock soaring.

Musk also predicted that memory prices will continue to rise due to increasing demand and limited supply. He specifically stated that the limiting factor in memory production is currently memory itself, with output increasing by 20% per year while demand grows at a rate of 200% or more annually.

This situation bodes well for companies like SK Hynix and Micron, which have an oligopoly on the DRAM market. Musk's comments suggest that prices will continue to rise as supply struggles to keep up with demand.