Nvidia Corp. has emerged as a standout performer in a lackluster earnings season for major tech companies.

The chipmaker has garnered significant support from its largest clients, including Microsoft Corp., Alphabet Inc., Amazon.com Inc., and Meta Platforms Inc., all of whom have committed to increasing their capital expenditures in the coming year.

These four tech giants collectively invested a record $59 billion in data center equipment and other fixed assets during the third quarter, highlighting the continued demand for advanced technology infrastructure and positioning Nvidia favorably in the competitive semiconductor industry.