Meta's Big AI Push Seen as Potential Boon for Nvidia and Chipmakers
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Nvidia is seen as a "clear beneficiary" of Meta's increased AI spending, with Meta planning to spend $30-37 billion on capex this year.
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Meta's comments suggest Nvidia could see upside to its upcoming quarterly results.
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Meta CEO Mark Zuckerberg said the company is "playing to win" in AI.
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Meta's stock price surged 22% on its first-ever dividend and AI spending plans.
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Other potential winners from Meta's AI push are AMD, Arista Networks, and Pure Storage.