TECH - Nvidia Meta Among Tech Stocks That Stand To Benefit From 'Lots Of Infrastructure Spending On AI' Says Tesla Bull Ross Gerber | Benzinga
Tesla bull Ross Gerber has suggested that the tech sector’s earnings reports are indicative of substantial AI infrastructure spending.
What Happened: Gerber took to X, formerly Twitter, on Thursday to express his views on the tech sector’s earnings reports. He believes that the consistent trend of these reports points towards a significant increase in AI infrastructure spending. He also emphasized the potential benefits for companies involved in AI infrastructure.
Gerber’s post comes at a time when the tech sector is experiencing a surge in AI-related activities.
This surge is being driven by companies like Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, which have beaten Street consensus estimates in their March 2024 quarter earnings, led by AI and cloud computing space.