Alphabet's announcement of a $75 billion capital expenditure plan for 2025 has provided a notable boost to Nvidia, as the tech giant aims to expand its AI infrastructure. This investment is expected to significantly 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 critical role 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, underscoring the competitive landscape and the growing demand for AI capabilities.
The YieldMax NVDA Option Income Strategy ETF (NVDY) saw a modest increase, rising 0.32% to $18.76 as of 7:00 AM on Wednesday, February 5.