Jensen Huang-led Nvidia Corporation NVDA is poised to dominate as major tech players Meta Platforms, Inc. META, Alphabet Inc.’s GOOG GOOGL Google, and Microsoft Corporation MSFT ramp up their capital expenditures on artificial intelligence.
Don't Miss:
- Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!
- Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their savings from inflation and economic turbulence.
What Happened: On Tuesday, Wedbush analyst Dan Ives took to X, formerly Twitter, and predicted a strong performance from Nvidia, calling it the “only game in town with $1 trillion of AI Cap-Ex on the way.”
“We believe $2 billion beat/$2 billion guide higher,” Ives concluded.
Mark Zuckerberg’s Meta, which reported its third-quarter financial results last month, exceeded its capex spending forecasts, driven largely by AI investments. The company raised the lower end of its 2024 capex guidance by $1 billion to $38 billion, with a significant increase anticipated in 2025.
Google’s parent company is also set to match its capex spending in the fourth quarter, bringing its total 2024 capex to $51.4 billion, a 59% increase year-over-year. The company also anticipates a rise in apex in 2025, albeit at a slower rate.
Similarly, Microsoft reported a capex of $20 billion for the first quarter, nearly double the $11.2 billion from the same period last year. The company’s CFO Amy Hood expects a sequential increase in capital expenditure due to the projected demand for cloud and AI services.
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.
Why It Matters: Analysts have predicted a “beat-n-raise” performance in Nvidia’s third-quarter earnings, with an expected revenue of $33.12 billion, a significant increase from last year’s $18.12 billion. The tech giant will report earnings on Wednesday, Nov. 20.
Despite recent overheating issues with Nvidia’s new Blackwell AI chips, the company’s value is expected to surge, driven by the potential of the next-generation AI chip. Earlier in September, Analyst Beth Kindig of I/O Fund projected a $10 trillion valuation for Nvidia.
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
A 9% Return In Just 3 Months
EquityMultiple's ‘Alpine Note — Basecamp Series' is turning heads and opening wallets. This short-term note investment offers investors a 9% rate of return (APY) with just a 3 month term and $5K minimum. The Basecamp rate is at a significant spread to t-bills. This healthy rate of return won't last long. With the Fed poised to cut interest rates in the near future, now could be the time to lock in a favorable rate of return with a flexible, relatively liquid investment option.
What's more, Alpine Note — Basecamp can be rolled into another Alpine Note for compounding returns, or into another of EquityMultiple's rigorously vetted real estate investments, which also carry a minimum investment of just $5K. Basecamp is exclusively open to new investors on the EquityMultiple platform.
Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
