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Nvidia (NASDAQ: NVDA) has reached a $4 trillion market capitalization, making it the only stock in this category. The company’s shares have surged 1,300% over the last five years, driven by significant capital expenditures from major clients.
In 2023, Amazon is expected to spend $120 billion, Microsoft about $100 billion, and Meta Platforms around $65 billion on capital expenditures. These investments are essential for developing large language models and advanced AI solutions, bolstering Nvidia’s market dominance in AI chip production.
Despite a more challenging growth landscape, analysts believe Nvidia will continue to outperform the market and deliver value to shareholders in the long term.
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