Alphabet's announcement of a $75 billion capital expenditure plan for 2025 has provided a significant boost to Nvidia, as the tech giant aims to expand its AI infrastructure. This investment is expected to benefit chipmakers like Nvidia, given the focus on technical infrastructure, including servers and data centers that rely heavily on advanced chips. Alphabet's CEO, Sundar Pichai, emphasized the ongoing partnership with Nvidia, highlighting the importance of Nvidia's technology in supporting Alphabet's AI ambitions. This development comes as major tech companies, including Microsoft and Meta, are also increasing their AI investments, reflecting the growing demand for AI capabilities.
The Direxion Daily NVDA Bear 1X Shares (NVDD) ETF remained unchanged at $6.97 as of 7:00 AM on Wednesday, February 5.