Tech giants are spending billions on AI and Nvidia is printing money — buy the chipmakers fueling the boom
The four biggest tech companies — Meta, Microsoft, Amazon, and Alphabet — are preparing to spend unprecedented sums building out AI infrastructure. Nvidia just pulled in nearly $20 billion in profit in five months, and JPMorgan says an earnings 'supercycle' is driving stocks higher.
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The biggest tech companies in the world are in an arms race to build AI capabilities, and they're all buying chips from the same suppliers. Nvidia alone has made nearly $20 billion in profit in just five months from this spending wave, and JPMorgan believes this is the start of a broader earnings supercycle. As long as Meta, Microsoft, Amazon, and Google keep pouring money into AI, companies like Nvidia, AMD, and Broadcom are in the perfect position to keep cashing in.
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- Meta, Microsoft, Amazon, and Alphabet are about to spend a shocking amount of money to dominate the AI era — Yahoo Finance
- JPMorgan's Lipikhina Sees Earnings Supercycle Driving US Stocks — Bloomberg
- Nvidia Has Racked Up a Nearly $20 Billion Profit Over the Last 5 Months From an Unlikely Source — Yahoo Finance