Reported 1 day ago
Nvidia's stock increased over 4% as concerns over a new AI model from China's DeepSeek waned, revealing that major tech companies, including Alphabet, Meta, and Microsoft, plan to significantly increase their capital expenditures in 2025. This indicates that demand for Nvidia's AI chips remains robust despite the emergence of cheaper AI solutions. Bank of America reiterated a Buy rating for Nvidia, highlighting the ongoing strength in cloud capital expenditure intentions.
Source: YAHOO