Nvidia shares surge 8% as CEO Jensen Huang defends $660 billion AI infrastructure spending by Meta, Amazon, Google, Microsoft; calls it sustainable driven by sky-high compute demand and rising cash flows.

Nvidia shares rise 8% as Jensen Huang says $660 billion capex buildout is sustainable

The tech industry's surging capital expenditures for AI infrastructure are justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC's "Halftime Report.""The reason for that is because all of these companies' cash flows are going to start rising," Huang said. Nvidia shares closed up nearly 8% on Friday. Huang's comments come after key Nvidia customers Meta, Amazon, Google and Microsoft reported their latest earnings over the past two weeks. These companies told their in...