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Jensen Huang-led Nvidia Corporation (NASDAQ:NVDA) is poised to dominate as major tech players Meta Platforms, Inc. (NASDAQ:META), Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, and Microsoft Corporation (NASDAQ:MSFT) ramp up their capital expenditures on artificial intelligence.

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What Happened: On Tuesday, Wedbush analyst Dan Ives took to X, formerly Twitter, and predicted a strong performance from Nvidia, calling it the “only game in town with $1 trillion of AI Cap-Ex on the way.”

“We believe $2 billion beat/$2 billion guide higher,” Ives concluded.

Mark Zuckerberg’s Meta, which reported its third-quarter financial results last month, exceeded its capex spending forecasts, driven largely by AI investments. The company raised the lower end of its 2024 capex guidance by $1 billion to $38 billion, with a significant increase anticipated in 2025.

Google’s parent company is also set to match its capex spending in the fourth quarter, bringing its total 2024 capex to $51.4 billion, a 59% increase year-over-year. The company also anticipates a rise in apex in 2025, albeit at a slower rate.

Similarly, Microsoft reported a capex of $20 billion for the first quarter, nearly double the $11.2 billion from the same period last year. The company’s CFO Amy Hood expects a sequential increase in capital expenditure due to the projected demand for cloud and AI services.

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