SpaceX and Alphabet flooding AI with cash — buy the AI suppliers
Elon Musk's SpaceX is launching the largest IPO in history, aiming to raise $75 billion to fund AI and space projects. Meanwhile, Google's parent company Alphabet just increased its stock sale to $85 billion specifically to pour more money into artificial intelligence.
Idea
SpaceX and Alphabet are together raising roughly $160 billion to pour into artificial intelligence. When the biggest companies in the world open the floodgates on spending like this, the companies that actually build the AI brains and servers usually see a huge boost in their own sales. Nvidia is the top supplier of the computing chips these companies need, while Microsoft and Google directly benefit from the enhanced AI capabilities. Getting into these major AI players as this massive wave of new cash enters the market makes sense.