Big tech will spend a staggering amount on AI in 2025
The four biggest tech companies will spend more on capital projects this year than the combined market value of Pfizer and Citigroup.
Nvidia shares remain mired in negative territory for the year, and are down more than $500 billion from their early-January peak, but investors are starting to rework near-term sales forecasts for the AI-chip giant after its biggest customers announced big spending plans.
Nvidia (NVDA) maintains a commanding grip on the market for AI-powering chips, including its newest line of Blackwell processors, which boost computing efficiency while using less energy and has seen enormous revenue gains since the mainstream adoption of the new technology in early 2023.
