BUSINESSFORTUNE
AI spending boom accelerates as Big Tech pours trillions into infrastructure
AI-driven capital spending is accelerating, with Big Tech investing heavily in data centers, chips, and infrastructure. JPMorgan projects global AI-related capital expenditures to reach $5.5 trillion by 2030, while Qualcomm aims for $15 billion in annual data center revenue by 2029, and Micron reported a 346% quarterly revenue surge.
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