Wedbush: Microsoft and other three major cloud giants have strong AI demand, and the third-quarter tech earnings reports will exceed expectations
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Investment bank Wedbush Securities pointed out that the demand for artificial intelligence and cloud computing services from Microsoft, Alphabet, and Amazon is strong, and the technology earnings reports for the third quarter are expected to exceed expectations. Analysts believe that Wall Street has underestimated the scale of AI spending, which is expected to reach approximately $3 trillion over the next three years, and technology stocks may rise by more than 7% before the end of the year. The collaboration between OpenAI and NVIDIA and AMD further demonstrates the growth in enterprise demand
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