Nvidia continues to benefit from the AI infrastructure buildout, with strong demand for its chips leading to a 56% increase in data center revenue. The company dominates the AI infrastructure market with over 90% market share and is well-positioned for further growth.

Meta Platforms saw 22% revenue growth in Q2, driven by AI-driven improvements in content recommendations and ad targeting. Daily active users across its apps increased by 6%, and the company is introducing ads to WhatsApp and Threads for future growth.

Microsoft had a standout quarter with Azure cloud revenue up 39% and Intelligent Cloud division growing 26%. The company’s investments in AI, including Copilot tools, are paying off as companies increase AI spending. Microsoft’s strong performance in cloud and AI make it a top long-term holding.

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