Nvidia (NASDAQ: NVDA) stock just keeps rising. Today's jump of about 7% as of 1 p.m. ET wasn't due to any new information from the company. Nvidia released its quarterly earnings last week and the stock jumped on that news.

But today's move -- and the reason why Nvidia shares can keep moving higher -- comes from another company's announcement today. Nvidia's sales have been soaring, and now investors see another multibillion-dollar customer coming in Elon Musk's xAI.

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Source Fool.com