Tech giants unleashing a tidal wave of AI spending — ride Nvidia's profit machine higher
The four biggest tech companies are about to pour an unprecedented amount of money into AI infrastructure. Nvidia has already booked nearly $20 billion in profit in just five months from this spending wave, and JPMorgan says this is the start of an 'earnings supercycle.'
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Meta, Microsoft, Amazon, and Alphabet are collectively committing to a massive new wave of AI spending — and nearly all of that money flows through Nvidia's chips. Nvidia has already earned almost $20 billion in profit over just the last five months from this spending cycle. JPMorgan's research team calls this an 'earnings supercycle' driven by AI investment, which they expect to push stocks to new highs. Nvidia's CEO Jensen Huang is personally telling billionaire investors that the returns from AI will be 'insane,' signaling confidence that the spending boom is far from over. This is a fundamental tailwind that could sustain upward momentum in NVDA for months.
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- 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
- JPMorgan's Lipikhina Sees Earnings Supercycle Driving US Stocks — Bloomberg