Tech stocks fall on Nvidia CEO's capital shortage warning and Meta's spending plans
NVDA NVIDIA Corp
$211.01 -0.57%
View chart & analysis → - 1Nvidia CEO Jensen Huang warned that capital shortages are hindering AI launches.
- 2Meta stated it will need to raise hundreds of billions of dollars for AI spending over the coming years.
- 3Meta raised its lower bound for capital expenditures this year from $130 billion to $135 billion.
So what's the key point?
The Nvidia leader said there is a lack of money to launch artificial intelligence. Meta decided to spend at least $130 billion this year to use on artificial intelligence.
Source The Telegraph · View original ↗
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