AI Stocks Microsoft, Google Reports Lift AI Hardware Makers Investors Business Daily

Image for article AI Stocks Microsoft, Google Reports Lift AI Hardware Makers Investors Business Daily
News Source : Investor's Business Daily

News Summary

  • Microsoft and Google parent Alphabet announced increased spending on data center hardware to support artificial intelligence initiatives
  • The news drove AI stocks higher on Friday, including top names Nvidia (NVDA) and Super Micro Computer (SMCI) Earlier this week, Meta Platforms (META) and Tesla (TSLA) also announced elevated capital expenditures related to AI

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