Wall Street Analyst Predicts a $1.4 Trillion AI Boom in 2027: 3 Stocks to Buy Now
Nvidia, AMD, and Micron are three stocks to buy as AI infrastructure spending continues to surge.
Overview
Artificial intelligence (AI) capital expenditures are on the rise, and Morgan Stanley thinks the final number could come in even stronger than expected. The market is currently forecasting AI infrastructure spending to reach $1.2 trillion next year, but the investment firm thinks that figure may be too low and that it could hit $1.4 trillion in 2027.
Morgan Stanley analyst Erik Woodring pointed to recent commentary from the big four hyperscalers -- Amazon, Microsoft, Alphabet, and Meta Platforms -- with all four companies talking about industry capacity constraints. Meanwhile, the big cloud computing providers have mentioned that demand continues to outstrip their capacity and that they plan to significantly increase their capex next year.
Details
Let's look at three AI stocks to benefit from this massive spending.
Source
Originally published at www.fool.com.