4 of Wall Street's Most Prominent Artificial Intelligence (AI) Stocks Have Made a Shocking $1.23 Trillion Investment

Core Insights - The rise of artificial intelligence (AI) is seen as the next significant advancement for corporate America, following the internet revolution [2][11] - AI has the potential to enhance productivity and demand across various industries globally, with a projected $15.7 trillion impact on global GDP by 2030 [3][16] Company Investments - Nvidia has significantly increased its market value, adding over $3 trillion since the start of 2023, driven by high demand for its AI GPUs [12] - Major tech companies, including Nvidia, Meta, Alphabet, and Apple, have collectively invested $1.23 trillion in share buybacks, surpassing their investments in AI development [6][7][9] - The breakdown of share repurchases among these companies is as follows: Apple: $118.3 billion, Alphabet: $105.1 billion, Meta Platforms: $82.7 billion, Nvidia: $48.7 billion [21] AI Development and Strategy - Meta is investing approximately $10.5 billion to acquire Nvidia's Hopper chips for its AI data center projects and is also developing its own AI chip [17] - Apple is also heavily investing in AI, utilizing Google's tensor processing units for its Apple Intelligence model, which aids in data processing for its devices [18] - Despite substantial R&D expenditures, the focus on share buybacks indicates a strategic choice to enhance earnings per share (EPS) and signal confidence in stock value [14][20]