Meta CEO Mark Zuckerberg Just Shared Great News for Nvidia, Broadcom, and Arista Networks Investors

Big tech companies are spending heavily to stay at the forefront of artificial intelligence. Budgets for building AI data centers filled with GPUs and network switches jumped higher in 2024. And a recent update from Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg says 2025 could see an even bigger jump in spending.Zuckerberg said in a Facebook post that Meta will spend between $60 billion and $65 billion in capital expenditures in 2025. That's up from $38 billion to $40 billion in 2024, a 60% jump at the midpoint of each forecast. Despite previous comments from Zuckerberg hinting at a big increase in spending for 2025, analysts had expected Meta's capital investments to come in around $51 billion this year.Zuckerberg's comments suggest big tech isn't even close to being done with spending on AI development as the arms race continues into 2025. That's great news for a few important Meta suppliers: Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), and Arista Networks (NYSE: ANET).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool