Alphabet & Google CFO, Ruth Porat mentioned in the latest Q2 earnings that "total cost of revenues was $30.1 billion, up 15%, primarily driven by Other Cost of Revenues, which was $17.9 billion, up 17%. The biggest factor here was costs associated with data centers and other operations."

Again, when talking about capex "Turning to capex, the largest investments in the second quarter were in servers, followed by data centers and office facilities."

As of Q1 2023, data centers are Nivdia's largest revenue stream, over taking gaming for the firs time. Will Google's spend on data centres this quarter bode well for Nvidia, taking the pressure off the gaming sector due to recession fears?

Nvidia's first-quarter revenue was a record $3.75 billion, up 83% from a year ago and up 15% from the previous quarter.