Elon Musk has pledged to spend between $9 billion and $12 billion to acquire 300,000 units of NVIDIA’s B200 chips for his xAI project by next summer. Each B200 chip costs between $30,000 and $40,000. Concurrently, Nvidia's market cap has surged to $2.83 trillion, experiencing a significant increase in value. The company's stock price has reached new all-time highs, hitting $1,180.68 in pre-market trading. Nvidia is now within single digits of becoming the world's most valuable company, trailing only Apple and Microsoft. Analysts predict Nvidia's market cap could triple to $10 trillion due to its strong position in the AI market. Bank of America has added Nvidia to its US 1 List, reflecting its strong performance and growth potential. Nvidia's stock has seen a 277% increase since May 22, 2023, and the company has announced a 10-for-1 stock split.