WS #12711
Alphabet's first-ever quarterly cash burn from AI spending fuels investor fears; Nvidia CEO denies chip bust but Intel's $20B+ CapEx guidance weighs on sentiment. Nvidia CEO Jensen Huang says AI chip demand is 'industrially driven' and not a bubble, estimating industry must grow 5-10x over decade; Nvidia partners with SK hynix and Samsung on $500B+ AI infrastructure. Intel beat Q2 earnings and raised guidance, but stock fell 8% as CapEx to exceed $20B in 2026; data center revenue surged to $6.3B.
Big Tech AI Spending Concerns
Alphabet's first-ever quarterly cash burn from AI spending fuels investor fears; Nvidia CEO denies chip bust but Intel's $20B+ CapEx guidance weighs on sentiment.
Nvidia CEO Jensen Huang says AI chip demand is 'industrially driven' and not a bubble, estimating industry must grow 5-10x over decade; Nvidia partners with SK hynix and Samsung on $500B+ AI infrastructure.
Intel beat Q2 earnings and raised guidance, but stock fell 8% as CapEx to exceed $20B in 2026; data center revenue surged to $6.3B.