Big Tech AI investment is going right to Nvidia: Chart of the Week

Throughout this earnings season, investors have been especially focused on Big Tech’s capital expenditures.

According to estimates from Bloomberg, coupled with quarterly reports, more than 40% of Nvidia’s revenue comes from some familiar names among the “Magnificent Seven” stocks — Microsoft, Meta, Alphabet, and Amazon. In the AI jungle, this data is a reminder that the chipmakers eat first, long before the hyperscalers can offer much more than hints to investors about when the AI investments will turn into AI revenue streams.

For millions of Americans, rising global temperatures have transformed summertime, pushing them to spend more and more time each year inside air-conditioned spaces, sealed off from the sweltering outdoors.Gayle Robin was surprised when her sister in California told her in early July she had tested positive for COVID-19.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Nasdaq sinks, Nvidia drops 7% ahead of Big Tech earningsA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

The next big hurdle for hot tech stocks like NvidiaThough AI-related stocks like Nvidia (NVDA) continue to grow exponentially, market strategists like Morgan Stanley Chief US Equity Strategist & CIO Mike...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »