The world’s largest tech firms show no signs of easing up on artificial intelligence spending, a record wave that is propelling hardware providers like Samsung and SK Hynix.
It comes despite persisting doubt about the staying power of AI demand to justify all that capital.
Meta Platforms alone revealed ambitions to spend as much as $135 billion this year – one of the biggest planned outlays of the business sphere. Its suppliers have responded in kind: on Thursday, SK Hynix said it plans a “considerable increase” in capex, and Samsung said it’s ratcheting up spending on its memory production capacity.
Investors continue to reward ambition – so long as companies can show growth.
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