Nvidia Dominates Big Techs AI Spending Spree

Investor focus during this earnings season has been on Big Tech capital expenditures, particularly on Nvidia, as a signal of their bullishness on AI. Nvidia`s revenue heavily relies on Big Tech spending, with Microsoft being their largest customer. While AI investments haven`t translated into revenue streams yet, the market remains optimistic, especially given Microsoft`s significant spending on Nvidia suggests confidence in future AI opportunities.