NVIDIA (NVDA) shares rose 3.1% to $217.56 in morning trading on Monday, October 26, after opening the session at $213.08. The chipmaker advanced as investors reviewed a series of AI spending developments, including a major processor financing agreement from SpaceX and Anthropic's filing for a public share offering. NVIDIA shares traded in an intraday range of $212.61 to $217.75. The cluster of announcements illustrates how financing arrangements, company listings, and power availability have become part of the AI spending story investors track alongside chip demand itself.

SpaceX Commits $40 Billion in Financing for NVIDIA Chips

SpaceX announced a binding commitment for approximately $40 billion in financing leases covering NVIDIA Vera Rubin processors and related equipment. Financing leases allow equipment to be paid for over time during the lease term rather than through an upfront purchase. Apollo manages the financing entity behind the arrangement. SpaceX expects the agreement to close before the end of the year, with equipment deliveries scheduled to begin in the first half of 2027. Vera Rubin is NVIDIA's next-generation data center computing platform.

Anthropic IPO Filing Discloses NVIDIA Computing Commitments

In a separate development, Anthropic filed a registration statement with US regulators for a planned stock market listing. A registration statement is the formal document a company files with regulators before its shares can trade on a public market. The company's IPO filing disclosed substantial computing commitments, including agreements involving NVIDIA, a detail showing how chip supply arrangements figure into AI companies' financial disclosures. The filing does not yet specify a share price or an offering date; those details are typically settled closer to a listing. The filing was made separately from the SpaceX announcement but added to the AI-related developments surrounding NVIDIA on Monday.

Morgan Stanley Raises US Data Center Power Deficit Estimate

Morgan Stanley increased its projected US data center power shortfall for 2026 through 2028 to 38 gigawatts, up from 33 gigawatts previously. The bank now estimates total demand at 116 gigawatts and continues to favor NVIDIA among semiconductor stocks. The revised forecast concerns electricity needs rather than confirmed chip orders. Data centers require power to operate processors, cooling systems, and other equipment, and power supply has become a key constraint on data center expansion, making electricity availability a factor in how quickly computing capacity can be added.

AMD and Broadcom shares also rose during Monday's session, alongside gains across the wider chip sector.\n## NVIDIA Partnerships Extend Into Chip Design and AI Video

Cadence Design Systems introduced Maestro, a suite of AI tools for chip design that uses NVIDIA's open Nemotron technology. The announcement followed a recent NVIDIA Vera server launch by Super Micro Computer, which targets large-scale AI computing operations. The moves highlight NVIDIA's reach across the AI hardware and software ecosystem, from chips and servers to the software used to design future chips.

NVIDIA also participated in a funding extension for Higgsfield, an AI video creation company. Higgsfield announced the investment on October 23 alongside new funding from TCV. The company uses NVIDIA hardware and software to produce video and images for business customers, an example of how the company's technology extends beyond data center hardware into creative applications.

Meta Share Offerings Add to AI Spending Plans

Meta launched approximately $35 billion in share offerings and outlined a possible $60 billion sale program for 2027. NVIDIA, AMD, and Broadcom expressed nonbinding interest in buying up to $5 billion of Meta shares combined. Nonbinding interest signals potential support but does not commit any of the three chipmakers to a purchase. The interest echoed earlier attention on data center demand that had supported NVIDIA's stock.

Broader Markets Advance Ahead of Earnings and Fed Decision

The Nasdaq gained 1.3%, the S&P 500 rose 1%, and the Dow added 0.5% during the reported session. Investors also awaited major technology earnings reports and the Federal Reserve's policy decision later in the week, items investors typically weigh for signals on corporate performance and monetary policy.