SpaceX AI growth puts Nvidia and CoreWeave stocks in focus as demand for computing power rises

SpaceX reported strong third-quarter results on October 20, with its artificial intelligence (AI) business showing major growth. The company’s AI segment, called Super Intelligence (SI), was a key highlight of its latest results.

SpaceX’s total revenue jumped 161% year over year to $14.6 billion. Revenue from its Super Intelligence business surged 830% year over year to $7.6 billion, showing the sharp rise in demand for AI-related services, according to The Motley Fool.