Why Nvidia Stock Edged Higher Today
Investors were optimistic about Nvidia (NASDAQ: NVDA) today, likely after Meta Platforms said on its recent quarterly-earnings call that it is increasing its capital expenditures on artificial intelligence (AI) infrastructure, which could benefit Nvidia.  While Meta's recent quarterly results weighted down on its stock, management's comments about investing in AI data centers helped give Nvidia's shares a boost today.  For 2023, we expect capital expenditures to be in the range between $34 billion to $39 billion, driven by our investments in data centers, servers, and network infrastructure.
Why Nvidia Stock Edged Higher Today
Investors were optimistic about Nvidia (NASDAQ: NVDA) today, likely after Meta Platforms said on its recent quarterly-earnings call that it is increasing its capital expenditures on artificial intelligence (AI) infrastructure, which could benefit Nvidia. While Meta's recent quarterly results weighted down on its stock, management's comments about investing in AI data centers helped give Nvidia's shares a boost today. For 2023, we expect capital expenditures to be in the range between $34 billion to $39 billion, driven by our investments in data centers, servers, and network infrastructure.