Author: Trader Edge

TLDR Nvidia shares climbed nearly 8% Friday following CEO Jensen Huang’s defense of the tech sector’s AI infrastructure investments Tech giants could collectively spend $660 billion this year on AI capex, with much going toward Nvidia chips Huang described the spending as the biggest infrastructure buildout ever, driven by strong monetizable demand All Nvidia GPUs sold in the past six years remain fully rented, demonstrating sustained AI computing demand CEO argues spending is sustainable because companies expect rising cash flows from AI-powered revenue growth Nvidia stock rallied nearly 8% Friday after CEO Jensen Huang defended the tech industry’s massive AI…

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