Shares of AI infrastructure companies moved higher Thursday after Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) outlined increased capital expenditures for AI development.
Meta expects 2025 capital expenditures between $60 billion and $65 billion, up from an expected $52 billion this year. CFO Susan Li said most of this spending will support both generative AI initiatives and Meta's core business. Microsoft CEO Satya Nadella highlighted AI's growing role, calling Azure the infrastructure layer for AI. He noted that the company has doubled its total data center capacity in three years, with 2023 marking its largest-ever expansion.
Microsoft CFO Amy Hood added that fiscal 2025 operating margins should improve slightly, citing efficiency gains from scaling AI infrastructure. Following these announcements, shares of Broadcom (NASDAQ:AVGO), Arista Networks (NYSE:ANET), Vertiv (NYSE:VRT), Marvell Technology (NASDAQ:MRVL), Cisco Systems (NASDAQ:CSCO), and Super Micro Computer (NASDAQ:SMCI) all posted single-digit gains. Investors appear bullish on AI-related capital investment continuing to drive growth.
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