Big Tech earnings highlighted big spending on artificial intelligence. Here's what it means for AI king Nvidia

Nvidia has needed help from its Big Tech friends to become Wall Street's artificial intelligence darling. Those friends haven't left the party yet. In their earnings reports this week, Club holdings Microsoft , Alphabet , Facebook-parent Meta Platforms and Amazon indicated continued investments to advance their AI ambitions — a good sign for Nvidia.

mountain Nvidia YTD Nevertheless, the earnings reports and commentary from Microsoft, Google-parent Alphabet, Meta and Amazon help illustrate why Nvidia has repeatedly been able to downplay the near-term financial impact of Washington's export controls. Spending by U.S. tech giants on AI infrastructure is soaring, and orders for Nvidia's advanced chips are an essential part of those capital expenditure budgets.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market Today: Stocks tick higher after strong finish to Big Tech earningsAmazon injected markets with a bit of optimism after posting strong results Thursday.
La source: startelegram - 🏆 248. / 63 Lire la suite »

‘Big Short’ Michael Burry takes a victory lap after calling the tech-led market correctionMichael Burry, best known for calling the subprime mortgage crisis, added a new notch in his belt by predicting the latest market correction.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Tech companies, big bank slash hundreds more Bay Area jobs as layoffs widenTech companies and a big bank have slashed a combined hundreds more jobs in the Bay Area.
La source: mercnews - 🏆 88. / 68 Lire la suite »

U.S. stocks post back-to-back drop as big tech shares tumbleJoy Wiltermuth is a news editor and senior markets reporter based in San Francisco.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »