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2025-07-31 22:22:57
Citigroup: Increased capital spending by tech giants will be a boon for chipmakers. Citigroup analysts point out that increased capital spending by tech giants will be a boon for chipmakers. Microsoft accounts for approximately 8% of Advanced Micro Devices (AMD) sales, while Meta accounts for 2% of Broadcom's sales. "We believe Broadcom and AMD will be the primary beneficiaries of increased capital spending by Microsoft and Meta," the bank's analysts wrote in a Thursday report.
