Big Tech Capital Expenditures Projected at $745 Billion This Year
NVDA NVIDIA Corp
$221.30 -3.16%
View chart & analysis → - 1Capital expenditures for Amazon, Alphabet, Microsoft, and Meta Platforms are projected to reach approximately $745 billion this year.
- 2Nvidia total revenue for the second quarter of fiscal year 2027 recorded $96 billion, more than doubling from the previous year.
- 3Broadcom CEO Hock Tan said AI revenue is expected to grow from $58 billion this year to $230 billion by fiscal year 2028.
So what's the key point?
Big Tech companies are expected to spend $745 billion on facilities and other areas this year. Revenue for companies like Nvidia and Broadcom is also expected to increase significantly.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.