During the latest earnings season, Microsoft, Amazon, Alphabet, and Meta reported approximately $170 billion in capital expenditures (CapEx) during Q2, with Amazon leading at $54.2 billion, followed by Alphabet at $44.9 billion, Microsoft at $41 billion, and Meta at $31.1 billion. This increased investment is being driven by heightened demand for cloud services and AI technologies.
Vertiv reported a 24% revenue increase to $3.3 billion, raising its full-year outlook due to the demand for power management and cooling systems in AI data centers. Meanwhile, Broadcom’s Q2 revenue surged 48% to $22.2 billion, with AI semiconductor revenue climbing 143% year-over-year to $10.8 billion. Broadcom anticipates AI revenue will reach $16 billion in the next quarter.
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