Tech Giants Channel Over $120B Into AI Data Centers, Shifting Cash to Chip Makers

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According to Beating and Bank of America, Amazon, Google, Meta, Microsoft, and Oracle are channeling billions into AI data centers, with the funds ultimately flowing to chip makers including Nvidia, Broadcom, and Micron. Bank of America described the trend as a "generational shift in free cash flow." Amazon alone is projected to post negative free cash flow of $12 billion this year, though it maintains over $100 billion in cash reserves.
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