4 No-Brainer AI Chip Stocks to Buy Right Now
Spending on artificial intelligence (AI) infrastructure is set to see a big boost this year, which will undoubtedly help a number of semiconductor stocks with ties to AI chips.For example, the big three cloud computing companies -- Amazon, Microsoft, and Alphabet -- budgeted a combined $255 billion in growth capital expenditures (capex), largely related to AI infrastructure, this year. Meanwhile, Meta Platforms announced that it will spend up to $65 billion on AI infrastructure. Not to be outdone, a consortium of companies led by Japan's Softbank and OpenAI committed to spending $500 billion on AI infrastructure in the U.S. over the next few years through Project Stargate.Let's look at the AI chip companies set to reap the benefits.Continue reading
Spending on artificial intelligence (AI) infrastructure is set to see a big boost this year, which will undoubtedly help a number of semiconductor stocks with ties to AI chips.
For example, the big three cloud computing companies -- Amazon, Microsoft, and Alphabet -- budgeted a combined $255 billion in growth capital expenditures (capex), largely related to AI infrastructure, this year. Meanwhile, Meta Platforms announced that it will spend up to $65 billion on AI infrastructure. Not to be outdone, a consortium of companies led by Japan's Softbank and OpenAI committed to spending $500 billion on AI infrastructure in the U.S. over the next few years through Project Stargate.
Let's look at the AI chip companies set to reap the benefits.
