Reported about 20 hours ago
Recent spending updates from major U.S. tech companies heavily investing in artificial intelligence could significantly influence the AI-driven stock market rally, which has seen the S&P 500 rise 17% this year and 90% since the bull market began. As these companies—including Nvidia, Microsoft, and Alphabet—report their spending plans, investors are keenly observing their commitment to AI infrastructure. With expectations of capital expenditures soaring to $500 billion by 2027, any signs of reduced spending could indicate waning confidence in the growth potential of AI technologies, reminiscent of past market bubbles. As such, the performance of these tech giants not only reflects their own market strategies but also impacts a broader array of companies within the AI ecosystem.
Source: YAHOO