Nvidia rises 7% as Jensen Huang says $660 billion capex buildout is sustainable [CNBC]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: CNBC
“To the extent that people continue to pay for the AI and the AI companies are able to generate a profit from that, they're going to keep on doubling, doubling, doubling, doubling,” Huang said. In this article The tech industry's surging capital expenditures for AI infrastructure is justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC's “Halftime Report.” ? The reason for that is because all of these companies' cash flows are going to start rising,” Huang said. Nvidia shares were up 7% during trading on Friday. Huang's comments come after key Nvidia customers Meta Amazon Google and Microsoft reported their latest earnings over the past two weeks. These companies told their investors that they plan to dramatically increase spending on AI infrastructure. In total, these hyperscalers could spend $660 billion on capital expenditures this year, with much of that spending going toward buying Nvidia's chips. Wall Street had a mixed response to the
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NVDA
News
- NVIDIA CEO Jensen Huang Unveils Biggest-Ever Dassault Partnership to Power AI Virtual Twins [Yahoo! Finance]Yahoo! Finance
- Nvidia Shares Surge on Big Tech's $650 Billion AI-Spending Plan [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nvidia shares rise 8% as Jensen Huang says $660 billion capex buildout is sustainable [MSNBC.com]MSNBC.com
- Tech Voices: Huang on AI CapEx, Goldman-Anthropic, China CPU delays [Seeking Alpha]Seeking Alpha
- Nvidia rises 7% as Jensen Huang says $660 billion capex buildout is sustainable [MSNBC.com]MSNBC.com
NVDA
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- 1/23/26 - Form 4
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