Tech giants are supposed to be spending less. Nvidia is selling boatloads of GPUs. Both things can't be happening at once.
. For its upcoming quarter, the company forecast $11 billion in revenue, up 64% from a year earlier. Most of that growth is coming from AI demand, especially in the data center space.
The analysts are forecasting Meta capex of $33 billion this year, at the high end of the company's guidance. Next year, capex will rise about 9% to $36 billion, powered by growth in infrastructure spending to support AI recommendation algorithms and generative AI.
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