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Research firm IDC projects that artificial intelligence (AI) will contribute nearly $20 trillion to the global economy over the next five years. Companies like Nvidia and Meta Platforms are positioned to capitalize on this growth. Nvidia, known for its dominance in the graphics processing unit (GPU) market, reported a 69% year-over-year revenue growth in its latest quarterly report. There are currently nearly 100 Nvidia-powered AI factories in development, twice the number from a year ago, indicating a strong demand for AI infrastructure.
Meta Platforms (NASDAQ: META), the parent company of Facebook and Instagram, is investing over $64 billion in AI-focused capital expenditures through 2025, primarily for data centers. In Q1 2025, Meta reported a 16% year-over-year revenue growth, benefiting from improvements in AI-driven ad targeting. With over 3.4 billion daily users across its apps, Meta is poised to leverage AI technology for long-term business growth.
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