An Investor's Guide To AI Everywhere
IDC News, Friday, May 31st, 2024
Tracking AI's Dispersion Across the Value Chain
Over the last two years, artificial intelligence has captured investors' attention as the main driving force for technology markets. Whereas debates around names like Nvidia, AMD, or Super Micro were previously limited to technology geeks and IT circles, they have now become household names as their stock prices soared and garnered media attention.
The key to the growth has been the ongoing arms race as large tech companies bet big on AI and spend aggressively on the necessary infrastructure to power these solutions. Capital expenditures at Microsoft, for example, rose 66% year-over-year to $11 billion while Alphabet's capex practically doubled to $12 billion in the latest quarter.