Shares of Nvidia (NVDA) are trading higher on Tuesday following an announcement from Elon Musk regarding his AI startup, xAI, revealing that the company is in the process of building a supercomputer to be powered by Nvidia's chip technology. The supercomputer will boost operations at the startup.

Yahoo Finance's Julie Hyman and Josh Lipton break down the details.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Angel Smith