What’s important to understand is that Nvidia now has more financial firepower than even deep-pocketed tech giants like Google. Analysts expect Google’s free cash flow this year to fall 11% to $65 billion, while they expect Nvidia’s free cash flow to rise 59% to about $97 billion. This is, ironically, because Google, Amazon, Microsoft and Meta are all investing massive sums of money in AI—much of which is going to Nvidia. So Google and other big tech firms are sending money to Nvidia, which can use that money to stop its customers from defecting to Google! Brilliant. It’s one reason why Nvidia shareholders can rest assured the company likely won’t lose much market share anytime soon.

-The Briefing By Martin Peers