Published on 26 Apr 2024 on Benzinga
Microsoft Corp MSFT, Alphabet Inc GOOG GOOGL, and Meta Platforms Inc META have each made significant strides in cloud capital expenditure (capex) and artificial intelligence (AI) investments.
According to a JPMorgan research report, these actions bode well for AI-levered cloud service provider (CSP) companies: Arista Networks Inc ANET, Coherent Corp (COHR), Dell Technologies Inc DELL and Lumentum Holdings Inc LI.