Nvidia rises 7% as Jensen Huang says $660 billion capex buildout is sustainable

The tech industry's surging capital expenditures for AI infrastructure is justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC's "Halftime Report.""The reason for that is because all of these companies' cash flows are going to start rising," Huang said. Nvidia shares were up 7% during trading on Friday. Huang's comments come after key Nvidia customers Meta, Amazon, Google and Microsoft reported their latest earnings over the past two weeks. These companies told their investors ...