Long story short, an enormous amount of capital is rapidly being spent on AI data centers and the necessary equipment to train and run powerful AI models, particularly graphics processing units (GPUs) from Nvidia (NASDAQ: NVDA).

Palantir stock declines for a fourth consecutive day, Nvidia, the leading maker of AI chips, reports earnings later this week, and Alibaba plans to invest more than $52 billion on artificial intelligence over the next three years.

U.S. stocks were mixed on Monday. Investors are turning their attention to Nvidia’s upcoming earnings — the first time the AI chipmaker is reporting results since a breakthrough by Chinese AI startup DeepSeek sparked a selloff in Nvidia and other tech stocks last month.