Big Tech Is on an AI Spending Spree. Quanta Services Sees Fatter Profit Ahead.
Quanta Services, an AI infrastructure builder, saw its shares rise to a record high on Thursday after exceeding first-quarter earnings estimates. The company also increased its full-year outlook, signaling anticipated fatter profits. This performance comes as Big Tech companies are heavily investing in AI infrastructure.
https://www.barrons.com/articles/quanta-services-ai-spending-raise-outlook-e81cd5ec