Ai Spending Boom News

Nvidia's data centre revenue more than doubled to $89 billion amid an AI spending boom. The company forecasts a 70% jump in revenue next fiscal year, despite wa

Nvidia forecasts a 70% sales growth for the next year, indicating that the boom in AI spending is expected to continue for several more years. CEO Jensen Huang

Economist Torsten Sløk observes that while AI capital expenditure is boosting profit margins for the "Mag Seven" companies, it is not yet having the same effect

JPMorgan CEO Jamie Dimon believes that massive AI capital expenditure by hyperscalers will ultimately yield positive returns, despite investor anxiety, noting t

Despite generating AI-driven revenue, major US tech companies face cash flow concerns due to surging infrastructure spending, with capital expenditure projected