Tech giants are playing a real-world monopoly game, and the numbers have become ridiculous.
Alphabet recorded a drop of $205B, Amazon responded with $220B, and now Micron ( $MU ) is joining the conversation with a massive $250B investment, including just $10B for their new research labs.
The capex spending war is officially raging, and these companies are spending money at a level comparable to GDP just to build the future of AI memory.
So what do you, as a trader, need to do? Get your cup of tea, and don’t forget the snacks and popcorn, watch the sell-offs (and I hope it’s not you), and remember that AI needs data, and data needs memory.
Alphabet recorded a drop of $205B, Amazon responded with $220B, and now Micron ( $MU ) is joining the conversation with a massive $250B investment, including just $10B for their new research labs.
The capex spending war is officially raging, and these companies are spending money at a level comparable to GDP just to build the future of AI memory.
So what do you, as a trader, need to do? Get your cup of tea, and don’t forget the snacks and popcorn, watch the sell-offs (and I hope it’s not you), and remember that AI needs data, and data needs memory.