1 Day
Source:
Los Angeles Times
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Amazon and Microsoft drive AI chip rally
Major technology companies, including Amazon, Microsoft, Alphabet, and Meta, have increased their AI and cloud infrastructure spending, indicating strong demand for chips and data center equipment. Amazon raised its full-year capital expenditure forecast to $220 billion, primarily for AI development, leading to a significant stock surge. Microsoft and Alphabet also reaffirmed or increased their spending plans, boosting prospects for chipmakers, while investor sentiment remains cautious about the return on investment from some firms. Overall, the sector anticipates continued growth driven by these aggressive investment strategies.
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