Judging by the stock’s August 5 pre-market 1.80% rise, investors welcomed SpaceX’s (NASDAQ: SPCX) decision to exclusively use Nvidia (NASDAQ: NVDA) chips because they are, as Elon Musk put it, ‘the best.’
Still, ChatGPT’s advanced artificial intelligence (AI) appears to believe that the commitment will only generate modest tailwinds through 2026.
ChatGPT estimates impact of SpaceX exclusive deal with Nvidia
Specifically, for the exclusive agreement to begin generating significant amounts of money, SpaceX would have to construct additional data centers, launch more satellites, install a vast amount of hardware, and ‘consume GPUs.’ According to ChatGPT, these factors limit its bullishness, as it expects the needed development will take place across many quarters.
Elsewhere, OpenAI’s flagship platform also reflected on the fact that NVDA shares are already rather expensive and face multiple risks, including wider volatility, regulatory uncertainty, recent concerns over capital expenditures (CapEx), and the danger of valuation compression.
Signs that CapEx could become the primary roadblock have been arriving at a heightened pace in the summer of 2026, with SpaceX stock itself being the latest to suffer a steep correction due to perceived overspending.
Still, ChatGPT acknowledged that the announcement about Nvidia chip exclusivity is a bullish catalyst set to expand the semiconductor giant’s business and to strengthen its already mighty moat.
Therefore, the AI explained it anticipates the deal will translate to a roughly 10% gain by the end of 2026 and set its December 31 NVDA stock price target at $238 per share.
2026 Nvidia stock price performance
Meanwhile, though a limited rally might appear unexciting given Nvidia equity’s overall performance since the start of the AI ‘boom’ in late 2022, it does, nonetheless, paint the exclusive SpaceX partnership as a major boon in the context of 2026.
So far, NVDA stock is up a relatively limited 12.23% from $188.85 to $211.94 year-to-date (YTD), meaning it is slightly underperforming the broader market. For comparison, the benchmark S&P 500 index is up 12.80% YTD.
Under the circumstances, should ChatGPT’s prediction of $238 per share come true by the end of December, it will have extended Nvidia shares’ annual gain to 26.03%.
Featured image via Shutterstock
