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Alphabet raises $85 billion for AI — ride the infrastructure build-out

Google's parent company, Alphabet, just increased its fundraising goal to a massive $84.75 billion to pay for artificial intelligence infrastructure. This massive spending plan signals that the biggest tech companies are going all-in on AI.

Idea

Alphabet raising $85 billion specifically for AI shows an incredible level of commitment to building out the technology. That money will largely be spent buying computer chips and server hardware from companies like Nvidia. When the biggest tech giants open their wallets this wide, the companies supplying the 'picks and shovels' of the AI boom usually see their revenues soar in the coming quarters. Buying the top AI hardware suppliers allows you to profit from Google's massive spending spree.

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NVDASMCI1D#tech#AI#momentum

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