#capital-expenditure

#capital-expenditure

NVIDIA has experienced explosive growth, becoming the largest publicly traded company with a market cap of $4.4 trillion, propelled by rising AI technology investments.

The competition among the US's largest companies has led to a total of $155 billion being spent on artificial intelligence development in 2025, surpassing federal expenditures on education and social services.

"We're in a tight demand supply environment and given that revenues are correlated with the timing of deployment of new capacity, we could see variability in cloud revenue growth rates depending on capacity deployment each quarter."