$1.3 Trillion in Projected Data Center Spending in 2027 Makes These Stocks No-Brainer Buys
AI hyperscalers have no plans to slow down spending in 2027.
Overview
Nvidia (NASDAQ: NVDA) released a nugget of information during its Q2 earnings call. It noted that it believes the big five AI hyperscalers will spend around $1.3 trillion in capital expenditures during 2027. That's a simply incredible figure, and it shows there will be much more spending on AI hardware and infrastructure in 2027.
That bodes well for several stocks, but the four I think will benefit most are Nvidia, Broadcom (NASDAQ: AVGO), Taiwan Semiconductor (NYSE: TSM), and Micron (NASDAQ: MU). If you don't own these four, now is the perfect time to scoop up shares, as the growth in 2027 could send these stocks soaring.
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Originally published at www.fool.com.