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Nvidia rises over 10% for the week as AI chip fears ease

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Nvidia closed the week up more than 10% as worries about the AI-chip buildout eased after a bruising prior week for semis. The rebound was boosted by Elon Musk’s earnings-call note that SpaceX will build data centers on Earth and in space using Nvidia chips exclusively. A report said Nvidia is testing Rubin Ultra HBM options amid a global memory shortage.

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