Microsoft, Google, Meta Pave Path to AI Expansion, Nvidia and Broadcom Set to Reap Benefits

Quick Summary:

The quarterly performance of Nvidia Corp (NASDAQ:NVDA), Broadcom Inc (NASDAQ:AVGO), and Micron Technology, Inc (NASDAQ:MU) adequately reflects that the artificial intelligence wave is in no mood to slow down in the near term.

Hyperscalers, including Microsoft Corp (NASDAQ:MSFT), Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.

Com Inc (NASDAQ:AMZN) and Meta Platforms Inc (NASDAQ:META) remain aggressively invested in their artificial intelligence ambitions.The U.S.and China’s key rate cuts also added an additional tailwind for the capital-intensive industry.Microsoft committed 14.7 billion Reais ($2.70 billion) over three years to Brazil’s cloud and artificial intelligence (AI) infrastructure, according to a Reuters report.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesBrazilChinaMexico

Topics: US5949181045 US67066G1040 QCOM SMH US4642875235 Benzinga News GOOGL MSFT BLK US4581401001 US09247X1019 US0231351067 SG9999006241 US38259P5089 Stock Battles US8166362033 Tech Stories That Matter INTC SOXX AVGO Top Stories US5951121038 AMZN Briefs AI GOOG Media US38259P7069 MU Artificial intelligence US7475251036 BZ Data Project NVDA META

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-09-27 @ 13:23:31 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 432 words

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Sentences: 17 lines

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