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Nvidia will dominate Big Tech’s earnings season again

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Nvidia will dominate Big Tech’s earnings season again

Tech giants like Microsoft, Amazon, Google, Facebook, and Apple are significantly increasing their capital spending to support their AI initiatives. In the first half of this year, they collectively spent $106.2 billion, up 49% from the same period last year. Wall Street predicts their capital spending will exceed $60 billion in the September quarter, resulting in a total spend of approximately $231 billion for the year. However, the extent to which these investments will generate returns is yet to be determined, with limited disclosure from most companies on the revenue impact of their generative AI services. Additionally, issues such as regulation, competition, and potential market slowdowns could affect the success of these investments.

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