Nvidia stock was heading for new highs early Thursday. Earnings from Microsoft and Meta Platforms reinforced expectations of continued investment in its artificial-intelligence chips. Nvidia shares were up 1.9% at $182.73 in premarket trading, putting it on track to close above $180 for the first time. The stock rose 2.1% on Wednesday.

And both Meta and Microsoft were already on track to spend more than 30% of this year’s revenue on capital expenditures, compared with about 15% to 20% historically. Those outlays were already beginning to look like mere table stakes after Google parent Alphabet used its report last week to bump up its own capex spending plans for this year to $85 billion.

Meta raced to a new all-time high on Wall Street, with the parent company of Facebook and Instagram seeing its share price increase 13%

The parent company of Facebook and Instagram continues to exceed expectations for ad sales. Analysts are less sure about its big swings.

Zuckerberg makes a case for a type of “personal superintelligence” that people can use to achieve their individual goals.