The skeptics are getting louder again. They’ve got their charts, their bubble analogies, and their “AI stocks can’t keep this up” narratives. And yet – the market keeps proving them wrong.
Just look at this past month: OpenAI signed more than $400 billion worth of next-generation chip and compute deals with Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), and Oracle (ORCL) – locking in over 26 gigawatts of GPU power for its coming models. Meanwhile, Big Tech’s AI capex continues to surge toward record highs.
It all underscores one simple fact: most of the money in the modern economy is still going to AI. That’s why AI stocks have been soaring… and why they’re likely to keep doing so.
This post originally appeared at InvestorPlace.