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Qualcomm reported strong earnings and Meta boosted its capex estimate this year. Meta followed that up by saying it expects ‘significant’ capex growth in 2025.
The gold rush mentality in the AI race is unrelenting. We heard the same from Microsoft yesterday and that’s eased fears of a pullback in chip spending and led to the greatest one-day rally in market cap (NVDA +12%) in history today.
This article was written by Adam Button at www.forexlive.com.
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