# Tech giants are spending billions on AI data centers — accumulate Intel on the rebound

_AI-generated trading idea · LONG · AMD, GOOGL, INTC, MSFT_

> Canonical page: https://commonquant.ai/research/for-you/tech-giants-are-spending-billions-on-ai-data-centers-accumul--2708c1d2-0a04-4e31-8da9-27b451fb06fd

Tech giants like Alphabet just announced they are raising tens of billions of dollars to build massive new AI data centers. Meanwhile, Intel—a major chip maker that has been beaten down all year—just broke a long losing streak as investors remember it still dominates key computer chips.

## Idea

The biggest tech companies in the world are collectively spending hundreds of billions to build AI infrastructure, which requires massive amounts of computer hardware. While AI software stocks have skyrocketed, traditional hardware maker Intel has been left behind and is just starting to bounce back. As companies like Alphabet, Meta, and Microsoft pour unprecedented money into AI hardware, the demand for data center chips will surge across the board. Intel's recent bounce suggests the market is waking up to its low valuation compared to the massive spending wave coming its way.

## Key details

- Symbols: AMD, GOOGL, INTC, MSFT
- Timeframes: Daily
- Tags: \#tech, \#ai\_infrastructure, \#value

## Community

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## News sources

- [Alphabet Upsizes Equity Offering to $85 Billion for AI Spending](https://www.bloomberg.com/news/articles/2026-06-03/alphabet-upsizes-equity-offering-to-85-billion-for-ai-spending) — Bloomberg
- [Intel Stock Jumps After 5-Day Losing Streak as Markets Get a Reminder of Its CPU Strength](https://www.barrons.com/articles/intel-stock-cpu-chips-ai-amd-47766f25?siteid=yhoof2&yptr=yahoo) — Barron's
- [Meta, Microsoft, Amazon, and Alphabet are about to spend a shocking amount of money to dominate the AI era](https://finance.yahoo.com/sectors/technology/article/meta-microsoft-amazon-and-alphabet-are-about-to-spend-a-shocking-amount-of-money-to-dominate-the-ai-era-115359575.html) — Yahoo Finance

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