Amazon, Google And Others Are Pouring $700 Billion Into AI CapEx, Top Analyst Explains Why This Makes It ‘Hard’ To Bet Against Nvidia

Ananya Gairola

Fri, February 13, 2026 at 10:31 PM GMT+9 3 min read

In this article:

•                                       StockStory Top Pick 
  

  NVDA

  -1.61%

 AMZN  

 -2.25%  

 

 

 GOOG  

 -0.60%  

As big tech ramps up what could total nearly $700 billion in artificial intelligence-driven capital expenditures, a top analyst believes Nvidia Corp. (NASDAQ:NVDA) stands to capture as much as half of that spending.

Analyst Says Nvidia Is ‘Hard To Bet Against’

On Wednesday, Futurum Group CEO **Daniel Newman **took to X and said that Nvidia could see 40% to 50% of the magnificent seven’s committed AI capital expenditures flow its way.

“$NVDA should see 40-50% of the ~$700 Billion in Mag 7 committed AI Capex. Hard to bet against that,” Newman wrote.

Don’t Miss:

**Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse — ****Just $0.85 a Share**

**Own the Characters, Not Just the Content: ****Inside a Fast-Growing Pre-IPO IP Company**

Newman also shared a clip from his Fox Business appearance. In the clip, he can be heard arguing that even if returns on AI investments take time to materialize for major tech companies, Nvidia benefits immediately because it supplies the critical infrastructure.

“About 40% or 50% of that spend goes to none other than Nvidia,” Newman said, adding that the chipmaker continues to generate strong cash flow and revenue growth while trading at roughly 23 to 24 times forward earnings.

$NVDA should see 40-50% of the ~$700 Billion in Mag 7 committed AI Capex. Hard to bet against that. 🚀 pic.twitter.com/ScbLcYkMFA

Trending: Blue-chip art has historically outpaced the S&P 500 since 1995, and fractional investing is now opening this institutional asset class to everyday investors.

Big Tech’s AI Spending Surge

The projected spending comes from aggressive investment plans across the tech giants.

Amazon.com Inc. (NASDAQ:AMZN) said the company expects to invest about $200 billion in capital expenditures in 2026, citing “seminal opportunities like AI.”

Meta Platforms Inc. (NASDAQ:META) forecasts full-year 2026 capital expenditures between $115 billion and $135 billion, with total expenses reaching as high as $169 billion.

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) said 2026 CapEx is expected to range from $175 billion to $185 billion.

**Microsoft Corp. **(NASDAQ:MSFT) reported $37.5 billion in capital expenditures in its second quarter alone, with roughly two-thirds allocated to short-lived assets such as GPUs and CPUs.

**Tesla Inc. **(NASDAQ:TSLA) has forecast capital expenditures exceeding $20 billion next year, targeting AI compute infrastructure and factory expansion.

See Also: Wall Street’s $12B Real Estate Manager Is Opening Its Doors to Individual Investors — Without the Crowdfunding Middlemen

During the company’s first-quarter earnings call, Apple Inc. (NASDAQ:AAPL), while noting volatility in its CapEx due to a hybrid model, said it continues investing in tooling and data centers.

Story Continues  

Nvidia Earnings In Focus

Jensen Huang-led Nvidia is set to report fourth-quarter results Feb. 25.

Analysts expect revenue of $65.55 billion and earnings of $1.49 per share, according to Benzinga Pro data.

Nvidia carries a consensus price target of $261.54 based on ratings from 37 analysts. The three latest analyst updates by Jefferies, RBC Capital and Mizuho have an average price target of $263.33, suggesting approximately 38.15% upside potential.

Read Next: This ETF issuer isn’t chasing the index — it’s building tools for income, leverage, and conviction

Photo by Robert Way via Shutterstock

Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today’s competitive market.

Get the latest stock analysis from Benzinga:

APPLE (AAPL): Free Stock Analysis Report

TESLA (TSLA): Free Stock Analysis Report

This article Amazon, Google And Others Are Pouring $700 Billion Into AI CapEx, Top Analyst Explains Why This Makes It ‘Hard’ To Bet Against Nvidia originally appeared on Benzinga.com

Terms and Privacy Policy

Privacy Dashboard

More Info