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BlackRock Backs $600B Big Tech AI Capex Boom Fueling Nvidia

Benzinga Prediction Markets Read original source (opens in a new tab)
The Story

News Summary

  • BlackRock highlights that AI remains in an early build-out stage, with Amazon, Alphabet, and Microsoft committing nearly $600 billion in combined capex.
  • Hyperscalers report customer demand still exceeds capacity, positioning Nvidia as the core beneficiary of sustained data center infrastructure spending.
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212.17 +17.98% over the displayed period

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