Alphabet raises $85 billion for AI — ride the infrastructure spending wave on Nvidia
Google's parent company, Alphabet, just increased its fundraising goal to a massive $85 billion specifically to spend on artificial intelligence. This unprecedented spending spree directly benefits AI hardware suppliers like Nvidia, who are already reporting tens of billions in profits from the AI boom.
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Alphabet just upped its AI investment raise to $85 billion, showing that Big Tech is accelerating its spending to dominate the artificial intelligence race. This money will flow directly to hardware companies that build the infrastructure, and Nvidia is the primary supplier reaping the rewards with nearly $20 billion in recent profits. As long as tech giants are dumping this kind of cash into AI, the companies selling the picks and shovels will see massive revenue growth. Buying Nvidia on any short-term weakness is a way to ride this unprecedented corporate spending wave.