Seeking Alpha
26 Oct 2026, 17:18 UTC · 1h ago
Wall Street Lunch: AI Trade Still In Focus
Impact · against what's priced in
The SpaceX debt financing provides concrete evidence for the high-end revenue projections the market has previously refused to price into NVIDIA. For Meta, the funding news is largely a non-event as the price already discounts AI upside, while Microsoft faces margin pressure from a large-scale buyout program.
- NVDA+0.60
Challenges what's priced in
- The price assumes
The SpaceX 10-gigawatt partnership generating $120–230 billion in incremental revenue
The market currently declines to pay for the SpaceX partnership, but the announcement that SpaceX is raising $40 billion in debt specifically for NVIDIA GPUs provides the concrete commitment needed to validate that revenue stream.
What NVDA's price assumes · Sep 1
