07:44 AM EST, 12/18/2024 (MT Newswires) -- Microsoft ( MSFT ) purchased about 485,000 of Nvidia's ( NVDA ) Hopper artificial intelligence chips this year, exceeding Meta's (META) 224,000 chips, Amazon's ( AMZN ) 196,000, and 169,000 by Alphabet's (GOOG) Google ( GOOG ), Financial Times reported Wednesday, citing estimates from technology consultancy Omdia.

Chinese companies ByteDance and Tencent also ordered about 230,000 Nvidia ( NVDA ) chips each, the report said.

The Omdia report estimates that tech firms globally will spend about $229 billion on servers in 2024, with 43% of this going to Nvidia GPUs, according to Financial Times. Microsoft ( MSFT ) reportedly leads capital expenditure in the sector with $31 billion, followed by Amazon ( AMZN ) at $26 billion.

Microsoft ( MSFT ), Meta, Amazon ( AMZN ), and Google ( GOOG ) did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)