Reported 2 months ago
Recent second-quarter results from Advanced Micro Devices (AMD) have sparked optimism in the AI sector, contributing to a rise in Nvidia (NVDA) shares. Analyst Stacy Ragson from Bernstein highlights that elevated capital expenditure (capex) from tech giants like Meta and Alphabet for AI projects is significantly driving this trend. Despite concerns over sustainability, Ragson notes that spending remains strong and is expected to continue into the next year.
Source: YAHOO