Is AI infrastructure spending still in the early stages of a massive growth run?

Nvidia ( NVDA 1.10% ) , Microsoft ( MSFT -0.43% ) , BlackRock ( BLK -2.28% ) , and xAI signaled another strong round of support for growth in the artificial intelligence ( AI ) infrastructure industry on Wednesday. The four companies have entered into a consortium that will be purchasing Aligned Data Centers in a $40 billion deal.

Nvidia and Microsoft are members of the Artificial Intelligence Infrastructure Partnership (AIP) consortium that has moved to purchase Aligned. BlackRock helped organize the consortium, and its Global Infrastructure Partners division is a separate participant in the purchase. Abu Dhabi-based MGX is also a player in the acquisition.

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