Microsoft (NASDAQ: MSFT) recently announced plans to spend $80 billion this year building out AI data centers to support training advanced AI models and deploying those models to the cloud. Meta Platforms is following suit,

Nvidia's profit report next week could steer the U.S. stock market's course, as investors seek confirmation that the AI-driven investment trend, which has powered equities for two years, is intact after last month's panic-selling triggered by the Chinese startup DeepSeek.

Nadella said the lesson was how “you have to not only get the tech trend right, you also have to get where the value is going to be created with that trend.”