Alphabet's announcement of a $75 billion capital expenditure plan for 2025 has provided a significant boost to Nvidia, as the tech giant plans to expand its AI infrastructure, heavily relying on advanced chips. This development is particularly favorable for Nvidia, given Alphabet's emphasis on technical infrastructure, including servers and data centers. The ongoing partnership between Alphabet and Nvidia, highlighted during Alphabet's earnings call, underscores the critical role Nvidia's technology plays in supporting Alphabet's AI ambitions. This strategic move by Alphabet comes as major tech companies, such as Microsoft and Meta, also increase their AI investments, reflecting the growing demand for AI capabilities.
The ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) saw a modest increase, rising 0.8% to $10.12 as of 7:00 AM on Wednesday, February 5.