NVDA technicals are bullish (support at 230, above moving averages) and SpaceX's exclusive GPU reliance drives profit growth.

Now we move on to Nvidia. We started the week at 223. The stock saw little change this week, closing at 225. Elon Musk plans to double Nvidia 's xAI Colossus 2 data center by the end of the year.

When we get to Microsoft, and when we get to SpaceX, we will talk about this in more detail, but it is clear that Elon Musk pledged at SpaceX’s last conference call that they will rely solely on Nvidia graphics processing units.

This is extremely important. If one cloud computing provider can get these data centers up and running faster than any other, I think that's the case with SpaceX. Well, this means that Nvidia will quickly reap huge profits.

Both Google and Nvidia have chips designed for space that they will be testing as early as this year and next year.

We talked about this in the Nvidia section, where Elon Musk and SpaceX have some competitive advantages with regard to power manufacturing, building mega-buildings, and even from a shareholder capital perspective.

Nvidia has found a clear cover for its stock. I mean, there is a strong support level for the stock at 230, although we have seen this before with Nvidia. There was a support level at 190, and now it's at 230, and we'll see what happens, but you're above all the moving averages, and the chart still looks good.