The Data Center Build-Out Is Accelerating. Here Are 3 Stocks to Buy Beyond Chips.
The boom in AI data centers is gaining strength, and that spells upside for these key suppliers.
Overview
Nvidia, the leading supplier of chips for data centers, reported a 92% year-over-year revenue increase in its data center segment last quarter. "The build-out of AI factories is accelerating," chief financial officer Colette Kress said on the company's earnings call in May.
For investors, Nvidia's results point to a huge investment cycle underway to support more-advanced artificial intelligence (AI) workloads, particularly agentic AI. But chip companies are not the only way to profit from this opportunity. Companies meeting demand for fast connection speeds, AI cloud services, and power management could deliver big gains in the next five years.
Details
Here are three stocks to consider right now.
Source
Originally published at www.fool.com.