SpaceX and Alphabet are raising billions for AI — ride the wave on Nvidia
Tech titans are going all-in on Artificial Intelligence. SpaceX is launching the largest IPO in history to raise $75 billion, while Google's parent company, Alphabet, just raised a massive $85 billion, all specifically to fund their AI ambitions.
Idea
When the world's most valuable companies raise tens of billions of dollars with the explicit intent to spend it on AI, the direct suppliers of that technology stand to reap the benefits. Alphabet raising $85 billion and SpaceX targeting $75 billion for AI initiatives means an unprecedented tidal wave of cash is about to hit the infrastructure market. Nvidia remains the primary company manufacturing the hardware that makes these AI systems run. As this massive amount of newly raised capital begins to be deployed in the coming months, the core AI hardware stocks are likely to see surging revenues.