Nvidia Benefits from Big Tech's AI Spending Surge

Reported 2 months ago

Recent data reveals that over 40% of Nvidia's revenue is derived from major tech giants like Microsoft, Meta, Alphabet, and Amazon, particularly highlighting Microsoft's significant contribution, which constitutes 19% of Nvidia's total earnings. This situation underscores how chipmakers, like Nvidia, are positioned at the forefront of AI investments during this earnings season as other tech companies continue to ramp up their capital expenditures in pursuit of AI innovations.

Source: YAHOO

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