"Lee, one of the things we're seeing in the world of AI is these massive alliances, you know, where different companies form partnerships and everybody brings piece of their expertise to the thing and work together. It's not always clear who gets what from whom and who put what in, but you've got one, you just, you got one that just came out."
"When you get BlackRock, who's clearly has more dough than anybody in the world, Nvidia, Microsoft, and OpenAI to all chip in $40 billion to buy aligned data centers. That shows you that the demand for cloud computing and data center storage, and, and retrieval and all of that has got to be, they see it to be exponentially much, much bigger than we can see it right now. Or why would they go in and spend $40 billion to buy this?"
Major technology firms including Meta, Microsoft, Amazon, Oracle, BlackRock, Nvidia, and OpenAI committed $40 billion to acquire aligned data centers to secure computing capacity for artificial intelligence. Morgan Stanley projects global AI infrastructure spending could reach $400 billion this year, driven by increased demand for cloud computing, data storage, and retrieval. The concentrated investment links the performance of multiple large tech companies to AI sentiment, creating potential systemic risk if AI market enthusiasm wanes. Many compare the current AI-driven market surge to the late 1990s dot-com boom, when enthusiasm for a single technology trend pushed valuations beyond fundamentals and synchronized stock movements.
Read at 24/7 Wall St.
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