Nvidia Dominates Big Techs AI Spending Spree

Investor focus during this earnings season has been on Big Tech capital expenditures, particularly how much companies like Microsoft, Amazon, Meta, and Alphabet are investing in AI. Nvidia, a major chipmaker, is a primary beneficiary of this spending, with a significant portion of its revenue coming from these tech giants. Microsoft is Nvidia`s biggest customer, spending twice as much as Meta and three times as much as Alphabet and Amazon. While AI-related revenue hasn`t materialized yet, investors remain optimistic, trusting that these large companies are making strategic investments.