Alphabet raises a monster $85 billion for AI — ride the spending wave into Nvidia
Google's parent company, Alphabet, just increased its plan to raise money for AI investments to a staggering $85 billion, highlighting the massive amounts of cash big tech is throwing at artificial intelligence.
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Alphabet just announced an upsized $85 billion fundraising purely to fund AI, proving that the tech giants are in an absolute arms race to dominate the space. This money will ultimately flow to the companies that supply the hardware and infrastructure, placing Nvidia directly in the crosshairs of a massive spending wave. Nvidia is already reporting massive profits from AI demand, and this fresh wave of big-tech capital ensures the momentum will continue. If AI stocks are where the smart money is heading, buying the primary enabler of this technology is the most direct way to play it.
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News sources
- Nvidia Has Racked Up a Nearly $20 Billion Profit Over the Last 5 Months From an Unlikely Source — Yahoo Finance
- Meta, Microsoft, Amazon, and Alphabet are about to spend a shocking amount of money to dominate the AI era — Yahoo Finance
- Alphabet Upsizes Equity Offering to $85 Billion for AI Spending — Bloomberg