Kantrowitz: It is a stunning number for Nvidia and the AI buildout

Nvidia - Nvidia has experienced close to 50% growth this year, driven by the expanding AI infrastructure buildout [1][2] - The potential approval for Nvidia to sell its Blackwell chip in China could lead to significant demand, contributing to its market cap exceeding $5 trillion [3][4] - Concerns remain about the sustainability of AI investments and the return on investment for enterprises [2][4][5] Microsoft - Microsoft secured a 27% stake in OpenAI, which is expected to enhance its Azure cloud business, projecting 38% growth for the current quarter and 37% for the next [5][6][7] - The relationship with OpenAI is seen as a key advantage over competitors like Amazon, which lacks a similar partnership [8][9] - There may be less spending from OpenAI into Azure, but Microsoft's stake is still considered important [10][11] Alphabet - Alphabet is reportedly gaining market share in AI workloads, although its search business faces pressure from the rise of AI-driven search alternatives [13][15] - Despite concerns, Alphabet's search business is expected to see double-digit growth, indicating resilience in the face of competition from generative AI [17][18] - The long-term threat from AI to Alphabet's search business remains a concern, but the company is actively adapting to the changing landscape [18] Meta - Meta is viewed as highly sensitive to the potential bubble in AI, with significant capex guidance of $66 to $72 billion for the year [19][20] - The shift in user interaction from human friends to AI friends poses a growing threat to Meta's engagement-driven business model [21][22] - Investing heavily in AI development is crucial for Meta to remain competitive in the evolving technology landscape [23]