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Benzinga
Benzinga
Business
Surbhi Jain

Meta, Microsoft And Google Are Unleashing A $250 Billion AI Tsunami

Google Nasdaq Dan Ives Wedbush Alphabet Meta Microsoft Microsoft Corp JPMorgan
O'Leary: AI Key to Margin Recovery

The AI revolution is officially a $240 billion spending spree. Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google are pouring unprecedented capital into AI infrastructure, igniting what Wedbush analyst Dan Ives calls a “watershed moment” for technology.

The KraneShares Artificial Intelligence & Technology ETF (NASDAQ:AGIX) tracks the price movement of AI stocks, as can be seen here.

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