Elon Musk statements seen as positive signal for Nvidia stock

By Splitfeed EditorialLast updated Sep 28, 2026, 13:20 UTC

In late September 2026, statements by Elon Musk became a focal point for Nvidia investors, with several outlets characterizing his remarks as favorable for the stock. The specific content of those statements was not detailed in the available article bodies, but the Pro-AI camp offered one concrete data point: the account PCMaster Insider on Bluesky reported that Musk has detailed plans to expand xAI's Colossus 2 GPU cluster to 1.21 million Nvidia chips by the end of the year. Separately, Barron's reported on September 28 that Nvidia could receive a boost tied to China, describing that potential development as unrelated to any diplomatic exchanges between Trump and Xi. Trefis, also on September 28, raised timing questions for buyers given a recent price run in the stock.

The story sits at the intersection of two forces that have defined the AI hardware market: Nvidia's continued dominance as the go-to supplier for large-scale AI compute, and the influence that major AI infrastructure builders like Musk's xAI can have on investor sentiment simply by announcing expansion plans. If the 1.21 million GPU figure is accurate, it would represent an enormous single-customer commitment, the kind that can shift expectations about Nvidia's forward revenue. The China angle adds a separate layer of complexity, since Nvidia's access to that market has been constrained by export controls, and any shift in that situation would carry significant financial weight. What remains genuinely in dispute is whether the current stock price already reflects this optimism or whether there is room to run, which is the question Trefis was raising.

The Pro-AI camp points to Musk's reported Colossus 2 expansion as evidence that frontier AI development continues to accelerate and that Nvidia remains the essential hardware backbone for that growth. The Anti-AI camp's reaction, from the account RuMan79, was skeptical in tone, suggesting that the alignment of interests between figures like Musk and broader public benefit is not to be taken at face value, though the comment does not engage with Nvidia's financials specifically. The middle ground camp has not weighed in on this story yet; accounts in that camp would typically be expected to acknowledge Nvidia's strong market position while flagging concentration risk and the possibility that a single large customer's plans could be revised or delayed.

The clearest near-term signal to watch would be any official announcement from xAI about the Colossus 2 build-out, along with Nvidia's next earnings report, which would show whether large cluster orders are translating into the kind of revenue growth that would justify buying the stock after its recent run.