Goldman Sachs reports $357 billion AI spending by US tech giants, which constitutes 25% of S&P 500 capex and R&D. Ryan Hammond emphasizes the need for revenue generation. Amazon’s 2023 capex reaches $63 billion; Meta and Alphabet plan record 2024 spending. Nvidia benefits from AI. Investors focus on infrastructure, utilities. Potential profitability impact from AI depreciation; sales figures closely watched.
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