🚨 🚨 The Nasdaq Drop Is A Good Thing Here’s Why: Meta, Microsoft, Amazon, and Google together are spending a fortune on AI infrastructure. Those four are expected to have combined fiscal-2024 capital spending of $178 billion, up more than 26% from a year earlier. Microsoft alone will see capex increase 53% this year, according to estimates tracked by FactSet. Spending will jump 31% at Alphabet, and 26% at Meta
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