Alphabet and Amazon Are Spending $420 Billion on Infrastructure. These 2 Stocks Are Primed to Cash in on It.
Nvidia and Micron are making a ton of money from the AI build-out.
Overview
Amazon and Alphabet are two of the biggest spenders in artificial intelligence (AI). At the midpoint, Amazon expects to spend $220 billion on capital expenditures while Alphabet projects about $200 billion. That means more growth for many companies, especially those supplying the computing hardware.
Two that I think are primed to benefit more than most are Nvidia (NASDAQ: NVDA) and Micron (NASDAQ: MU). Both companies are in a great position to deliver monster growth over the next few years, and I think they make for excellent investments now.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.