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Markets · Investing · Business
Finance
Alphabet's Massive AI Investment Push Signals More Gains Ahead for Nvidia
Alphabet has raised its 2026 capex outlook, which is good news for Nvidia investors.
Tech giant Alphabet(NASDAQ: GOOG)(NASDAQ: GOOGL) has been investing aggressively in artificial intelligence (AI) infrastructure, and the company's latest quarterly report makes it clear that it will keep pumping more money into this technology.
Alphabet released second-quarter results on July 22 and announced that it is raising its 2026 capex guidance to a range of $195 billion to $205 billion. The company had earlier projected $180 billion to $190 billion in capex for 2026. The updated guidance points to a significant increase over Alphabet's 2025 capex of $91.4 billion.
Details
This is great news for Nvidia(NASDAQ: NVDA). Let's see why.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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