Galaxy_Class_Investor
Oct 22, 11:38 PM
$BE Meta’s results have kicked off an earnings season for the big tech companies that will likely be marked by rampant spending on artificial intelligence and companies’ efforts to recoup their investments. Alphabet, Microsoft, and Amazon, three other major investors in data centers, are scheduled to report their quarterly results next week.
Blackstone Chairman Jon Gray said investors shouldn’t fear that the AI boom will turn into a bubble. “When you think of a bubble, you think of building capacity and then hoping that demand will come through” Gray explained in an interview with Bloomberg Television after the release of Blackstone’s quarterly results. “With AI, you’re building capacity and hoping you can keep up with demand” he added.
There is no “bubble” and Bloom is going to continue to be instrumental in providing power to not only the data centers, but to many industries and customers that are lining up for their power needs.😎
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