Google bets $85 billion on AI — buy the picks and shovels with Nvidia
Google's parent company, Alphabet, just increased its fundraising to a massive $85 billion to spend entirely on artificial intelligence. This guarantees a huge wave of new cash flowing into AI infrastructure companies like Nvidia.
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Alphabet is raising a staggering $85 billion just to build out its AI capabilities, proving that the AI arms race is only getting bigger. Nvidia has already made nearly $20 billion in profit over the last five months from this exact trend as the main provider of AI hardware. When big tech companies aggressively pour this kind of money into AI, the companies that supply the actual chips and equipment see massive revenue boosts. Buying the top AI hardware stock on market dips is a solid way to play this unprecedented tech spending boom.