BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Mag 7 Tech Giants Pour $650B into Digital Investments Amid AI Boom
Mag 7 Tech Giants Pour $650B into Digital Investments Amid AI Boom
12
3
BTCCSquare news:
The Magnificent 7 tech conglomerates—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—are projected to deploy $650 billion in combined capex and R&D this year. This staggering sum eclipses the UK's annual public investment budget, signaling a tectonic shift toward digital infrastructure over traditional manufacturing.
IT spending now constitutes 6.1% of US GDP, while non-IT fixed investments decline for consecutive quarters. Lloyds Bank analysts attribute this divergence to corporate FOMO surrounding artificial intelligence breakthroughs, with capital flooding into data centers, cloud infrastructure, and machine learning applications rather than physical factories.
By:
Previous
Nintendo to Hike US Switch Console Prices Amid Tariff Pressures
Next
Crypto Whales Shift Focus to BlockchainFX Amid Presale Momentum
