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Google doubles down on $85 billion AI spending — buy the infrastructure powering it

Google's parent company, Alphabet, just increased its fundraising goal to a massive $85 billion specifically to pour into artificial intelligence. Meanwhile, Nvidia continues to rake in enormous profits from the hardware powering this AI boom.

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Major tech giants like Alphabet are spending unprecedented amounts of money to win the AI race, signaling that the buildout is far from over. This tidal wave of spending flows directly to the companies building the necessary computer chips, with Nvidia recently reporting nearly $20 billion in profit over just five months. Even if the broader stock market gets shaky, this massive corporate spending acts as a safety net for chipmakers, making any short-term dips a prime opportunity to buy.

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NVDASMH1D#tech#AI#semiconductors

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