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Red hot CPI report fuels AI rout
Source: Livemint — Markets · 5 hr ago
Summary
A portfolio manager noted that five major tech firms—including SpaceX, Meta, Microsoft, Google and Amazon—now dominate the majority of domestic data‑center investment, accounting for roughly three‑quarters of the total spending. He said these companies are reinvesting their profits into these facilities, which are delivering strong returns.
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From the original report
"I guess it's grown to a group of five now. SpaceX has kind of joined the party here to join in with like Meta and Microsoft and Google and Amazon," said Jed Ellerbroek, portfolio manager at Argent Capital Management. "Those five are spending like 75% of the money that's being invested in data centers here in the country.
Excerpt from Livemint — Markets.
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