Nvidia's stock has surged, reaching a record market capitalization of $4.5 trillion, following a significant partnership with OpenAI to deploy 10 GW of systems. As hyperscalers prepare to spend an estimated $490 billion on AI infrastructure, exceeding Citigroup's previous estimates, the tech sector sees remarkable gains. However, the looming government shutdown poses potential risks to the broader economic landscape.
“The stock market · rose · slightly · Tuesday”
“a government shutdown · is looming · at midnight”
“Nvidia · broke out”
“CoreWeave · leaped”
“hyperscalers · will spend · infrastructure and other capital goods · $490 billion”
“Citigroup analysts · previously estimated · hyperscalers spending · $420 billion”
“AI infrastructure boom · has been · a major force behind U.S. stock market gains · true”
“Nvidia · is expected to benefit from · higher spending · true”
“Oracle · sold · $18 billion of bonds · true”
“Oracle · has spent · more than it's made · true”
“Oracle · is expected to increase · cloud capacity · true”
“Citi · sees Oracle’s capital expenditures · ballooning to $58 billion · in fiscal year 2027”
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