Big Tech companies are projected to invest approximately $380 billion over the next year in AI infrastructure, primarily focusing on data centers and AI chips. Major players such as Microsoft, Amazon, and Meta are making substantial commitments, with Microsoft spending $30 billion quarterly, Amazon $120 billion annually, and Meta $66-72 billion for 2025. While Nvidia is the prominent beneficiary due to its position in producing AI-grade GPUs, other companies like GE Vernova are also poised to gain from the surge in energy demands accompanying AI developments.
Big Tech's relentless pursuit of artificial intelligence (AI) has unleashed a capital expenditure (capex) boom, with companies like Microsoft, Amazon, and Meta Platforms committing to spend hundreds of billions to build AI infrastructure.
These giants are projected to invest approximately $380 billion over the next year, primarily on data centers and AI chips to power cloud platforms and generative AI models.
Much of this investment will flow to chipmakers like Nvidia, the dominant player in AI-grade graphics processing units (GPUs). However, hidden winners will emerge from the spending spree.
GE Vernova, spun off from General Electric in April 2024, is positioned to capitalize on the AI-driven energy demand surge, providing nuclear turbine technologies and services for over 80 nuclear reactor units.
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