Citigroup: Increased capital expenditure by tech giants will be a boon for chip manufacturers.

Citigroup analysts pointed out that the increased capital spending by tech giants will be a boon for chip manufacturers. It is estimated that Microsoft accounts for about 8% of AMD's semiconductor sales, while Meta accounts for 2% of Broadcom's sales. The analysts at the bank wrote in a report on Thursday, "We believe that Broadcom and AMD will be the main beneficiaries of Microsoft and Meta increasing capital expenditure."