By Tim ShufeltTim Shufelt
Publication Date: 2026-02-15 03:35:00
Key Points
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Three leading tech companies could spend up to $500 billion this year, much of it on AI, as they try to stay competitive.
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Nvidia’s sales and earnings could more than triple by 2029, according to analyst consensus estimates.
The past three years have been phenomenal for Nvidia (NASDAQ: NVDA) shareholders. The company’s stock gained 791% as tech giants invested hundreds of billions of dollars in building data centers for artificial intelligence (AI) computing, driving surging processor sales for the company.
But how will Nvidia fare over the next three years? Let’s just say there’s probably little for Nvidia shareholders to worry about.
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1. Data center investments will fuel Nvidia’s growth
Spending on processors and data centers will eventually slow down, but the latest announcements from leading tech companies show we haven’t reached that point yet. Alphabet‘s management said recently that the company will double capital expenditure (capex) spending this year, reaching up to $185 billion, to keep pace in AI.
And Alphabet isn’t the only one. Meta Platforms said it will nearly double its capex spending this year to $135 billion, mostly to build AI data centers, and Amazon has said it will spend $200 billion this year.
These are just three of the largest U.S. tech companies, and…
