Strong quarterly results for Microsoft and Meta platforms have now boosted NVIDIA shares.
AI-related services and technologies provide power sales and revenue beats for Microsoft and Meta, which is good news for Nvidia.
Capital expenditure updates for Microsoft and Meta show that demand for NVIDIA AI processors remains high.
Nvidia (NASDAQ: NVDA) Stocks were rising Thursday against the bullish backdrop of a wider market. The company's shares rose 4.4% as of 1:15 p.m. At the same time as the day's transaction, S&P 500 The index rose 0.9%, Nasdaq Composite Materials Up 1.8%. In the early stages of the meeting, NVIDIA shares rose as much as 5.5%.
Microsoft and Meta Platform After the market closed yesterday, strong results and guidance from both companies are helping to improve Nvidia's valuation today. But even with today’s earnings, NVIDIA’s stock has remained down about 24% so far as this is written.
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Microsoft is reportedly the largest customer of NVIDIA, and Meta is said to be the second largest customer of the AI hardware leader. With their most recent quarterly reports, Microsoft and Meta helped support Nvidia Stock's Bull Case. In addition to releasing sales and revenue rhythms powered by AI technology and services, the two companies also said they are still spending a lot of money on AI processors.
Microsoft reported non-GAAP (adjusted) capital expenditure (CAPEX) in the third quarter of the fiscal year at $16.75 billion as of March 31. Meanwhile, average analysts estimate that CAPEX's revenue is $16.37 billion.
Meta's new capital expenditure forecast also brings good news to NVIDIA investors. Now, the social media giant predicts its capital expenditure this year to be between $64 billion and $72 billion, a major leap in its previous $60 billion to $65 billion guide.
Capital expenditures from Microsoft and Meta are focused primarily on scaling their AI infrastructure, while NVIDIA's advanced processors are based on key hardware for success in the field. New capital expenditure data seem to mute the importance of recent reports that Microsoft and other tech giants are expanding their data center plans and show that demand for AI hardware remains very strong. So while NVIDIA stocks may continue to see volatility with broader market moves, long-term investment papers seem to be complete.
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Randi Zuckerberg is a sister of former marketing development director, Facebook spokesperson, and Meta Platform CEO Mark Zuckerberg, and a member of the Motley Fools’ board of directors. Keith Noonan has no position in any of the stocks mentioned. Motley fools in the position and recommends Meta platforms, Microsoft and Nvidia. Motley Fools suggest the following options: January 1, 2026, Microsoft $395 Phone, Short January 2026, Microsoft $405 Phone. Motley Fool has a disclosure policy.
Nvidia is jumping today - Are artificial intelligence (AI) stocks purchased? Originally published by Motley Fool