Nvidia rises 7% as Jensen Huang says $660 billion capex buildout is sustainable [MSNBC.com]
NVIDIA Corporation (NVDA)
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Source: MSNBC.com
The tech industry's surging capital expenditures for infrastructure is justified, appropriate and sustainable,Nvidia"Nvidia shares were up 7% during trading on Friday.Huang's comments come after key Nvidia customersMetaAmazonGoogleMicrosoft$660 billion on capital expendituresWall Street had a mixed response to the surging spending, sendingAlphabet'sHuang said that the "largest infrastructure buildout in human history" is being driven by "sky high" demand for computing power, which companies and hyperscalers can use to make more money. He cited specific examples of what Nvidia customers are doing with .Meta is using to move from a recommendation system that ran on CPUs to a system that uses generative and agents, Huang said. He added that Amazon Web Services' usage of Nvidia chips and will affect how the retail giant recommends products, and Microsoft will use Nvidia-powered to improve its enterprise software, Huang said.He also praisedOpenAnthropicinvested"Anthropic is making gr
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- 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 [CNBC]CNBC
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