Elon Musk's SpaceX is exclusively using Nvidia GPUs, which could be a concern for AMD investors if this becomes a trend.
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AMD Stock Crashes 9% After Strong Earnings — My New $750 Target
Aug 5, 2026
Jose Najarro discusses AMD's stock performance following its earnings report, noting a 9% drop. He analyzes the implications of Elon Musk's SpaceX exclusively using Nvidia GPUs and XAI's past use of AMD chips. Najarro expresses a bullish outlook on AMD, setting a new price target of $750, citing strong data center growth and future potential despite current valuation concerns.
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Despite a 9% stock drop after earnings, Jose Najarro is bullish on AMD with a new $750 price target, citing strong data center growth and future potential.
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AMDbuy opened Aug 5, 2026
+8.04%