Magnificent 7 companies boost AI capex spend

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Amazon (AMZN) is set to dramatically increase its artificial intelligence (AI) investments, confirming plans to spend just above $100 billion on AI in 2025. CEO Andy Jassy suggests the company is still working to meet surging demand for its AI capabilities, stating the tech giant currently has "constraints on capacity." The massive investment places Amazon at the forefront of a significant AI spending race among tech giants. Meta Platforms (META) plans to invest $65 billion, Alphabet (GOOG, GOOGL) has targeted $75 billion, and Microsoft (MSFT) will commit $80 billion to AI development. Yahoo Finance Tech Editor Dan Howley analyzes Amazon's spending strategy, exploring how this substantial investment by hyperscalers could reshape the broader tech ecosystem, with clear implications for AI chip manufacturer Nvidia (NVDA). #youtube #Amazon #stocks #investing About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://ww

Published 2025-02-07 · Watch on YouTube ↗
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