Amazon, Alphabet, and Nebius on growth path amid surging AI cloud infrastructure demand
GOOG Alphabet Inc
$343.65 -1.68%
View chart & analysis → - 1Amazon and Alphabet plan to spend more than $200 billion on data center capital expenditures this year.
- 2Nebius revenue rose 454% year-over-year in the second quarter.
- 3Google Cloud recorded a backlog of $514 billion at the end of the second quarter.
So what's the key point?
Amazon and Alphabet are expected to spend over $200 billion to build AI facilities. Growth is anticipated as Nebius revenue increases significantly and Google Cloud orders rise.
Source The Motley Fool +1 · View original ↗
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